Votorantim Industrial is set to secure a $2.65 billion syndicated loan led by 10 banks, Bloomberg reports. The Brazilian company’s loan is divided into two parts, a $1.15 billion export prepayment facility and a standby revolving credit line worth $1.5 billion. The trade-related loan will be due in seven to eight years, while the standby facility has a five-year maturity. The banks that led the loan include Banco Bilbao Vizcaya Argentaria, Bank of America, BNP Paribas, Credit Agricole, HSBC Holdings, JP Morgan Chase, Banco Santander and Societe Generale.

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