Bio Pappel’s $350 Million Credit Facility

April 26, 2019

Cleary Gottlieb represented Credit Suisse as administrative agent, joint bookrunner, and joint lead arranger in a $350 million senior secured guaranteed term-loan facility for Bio Pappel S.A.B. de C.V. (Bio Pappel).

The loan is secured by pledges of certain properties, equipment, and shares of Bio Pappel and its affiliates, and is guaranteed by Bio Pappel’s subsidiaries. The proceeds of the loan were used to refinance existing debt. The closing date occurred on April 23, 2019.

Bio Pappel is a Mexican company with presence in the United States and Colombia specializing in the manufacturing and sale of paper products. It is the largest manufacturer of paper and paper products in Mexico and Latin America, and an industry leader in sustainability.