Credit Suisse in Extension of Credit Facility

June 8, 2015

Cleary Gottlieb represented Credit Suisse in its role as Lead Arranger in a senior secured term loan facility for Bio Pappel. Bio Pappel is a Mexico-based company specializing in the production and sale of environmentally-friendly paper and paper products. The loans were disbursed into two tranches: a U.S. dollar-denominated tranche of approximately $105,000,000 and a Mexican peso-denominated tranche of approximately Ps.2,295,000,000, over two closing dates and were secured by pledges of certain properties and manufacturing equipment in Mexico and New Mexico. The proceeds of the loans were used to repay Bio Pappel’s Step-Up Senior Guaranteed Notes due 2016.

The initial closing date occurred on May 28, 2015 and the subsequent closing date occurred on June 8, 2015.

Credit Suisse is a leading global financial services company.