Mexico-based recycled-content paper producer Bio Pappel S.A.B. de C.V. has arranged a $350 million senior secured syndicated term loan facility through a United States-based legal firm.
Miami-based Greenberg Traurig LLP says it represented Bio Pappel in its effort to secure the loan. The law firms says the $352 million loan, which includes Credit Suisse as a lender, will be used to refinance the company’s U.S. dollar- and Mexican peso-denominated debt.
Bio Pappel manufactures from 1.2 million to 1.5 million tons annually of recycled-content corrugated packaging, newsprint and bond paper at more than a dozen plants in Mexico and two mills in the United States.
The Greenberg Traurig team that helped arrange the loan was led by Emilio J. Alvarez-Farré, Carlos R. Garduño, Stephen V. Pelliccia and Luis Cortes.
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