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Greenberg Traurig Represents Bio Pappel in $150 Million Dual-Tranche Private Senior Secured Notes Transaction

MIAMI – Sept. 20, 2019 – Global law firm Greenberg Traurig, P.A. represented Bio Pappel, S.A.B. de C.V. (BMV: PAPPEL), the leading paper producer in Mexico, as parent guarantor, and its recently acquired subsidiary, U.S. Corrugated Holdings II, Inc., as issuer, in a U.S. $150 million dual-tranche private placement of senior secured notes. The transaction closed on Sept. 11.

Proceeds of the issuance, which was subscribed by a group of US institutional investors, will be used to repay existing debt and for general corporate purposes.

The Greenberg Traurig team in the transaction was led by Emilio J. Alvarez-Farré, a shareholder in the firm’s Latin America Practice and Miami Corporate Practice, and Carlos R. Garduño, a shareholder in the firm’s Mexico City office. Other members included Thomas R. Martin, an associate in the firm’s Miami office Corporate Practice, and Luis Cortes, an associate in the firm’s Mexico City office.

“We are pleased to assist our client, Bio Pappel, in this financing transaction — the most attractive in its history.” Alvarez-Farré said. “The terms achieved attest to Bio Pappel’s strong position in the market.”

Alvarez-Farré concentrates his practice on cross-border mergers and acquisitions and financing transactions. Over the course of more than two and a half decades, he has represented top companies and global brands in multibillion-dollar transactions throughout Latin America.

About Greenberg Traurig, LLP:
Greenberg Traurig, LLP (GT) has approximately 2100 attorneys in 41 locations in the United States, Latin America, Europe, Asia, and the Middle East. GT has been recognized for its philanthropic giving, diversity, and innovation, and is consistently among the largest firms in the U.S. on the Law360 400 and among the Top 20 on the Am Law Global 100. Web: Twitter: @GT_Law.