Zellstoff Stendal on Amendments to Project Finance Credit Facilities and Associate Transactions
October 16, 2014
Cleary Gottlieb advised Zellstoff Stendal, a subsidiary of Mercer International, the global pulp manufacturing company, on its successful amendments to a senior project finance credit facility and an amortizing term facility of its Stendal Mill in the remaining aggregate amount of approximately €400 million to provide greater financial flexibility to Stendal. In connection therewith, Mercer acquired all of the shareholder loans. In addition, RWE sold substantially all of its minority shareholding in Zellstoff Stendal.