JOHANNESBURG (Reuters) - South African Sappi Ltd, the world's biggest maker of fine paper, said on Wednesday it has launched a bank syndicate to secure loans that would replace facilities maturing in May and December next year. The company said it plans to secure a new revoling credit facility and a new OeKB term loan to replace the ones maturing in May and December, respectively. "Sappi is also considering the possibility of accessing the capital markets in order to arrange long term secured debt to refinance some of its existing short-term debt and other debt," it said in a statement. The company said securing these loans would be subject to market conditions and liquidity available. Shares in the company fell more than 3 percent to trade 1.77 percent lwer at 21.61 rand by 1247 GMT, compared with a 0.21 percent weaker JSE All-Share index. | 
