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Greenberg Traurig Team Arranges $255M in Financing Along With Big Purchase

Emilio J. Alvarez-Farre

Greenberg Traurig

An expert in cross-border transactions helped his longtime client, the leading paper company in Mexico and Latin America, return to the capital market in a big way.

Emilio J. Alvarez-Farre led a team of five lawyers and a foreign law clerk in Miami and Mexico City to complete the $255 million syndicated, secured credit facility for Bio Pappel. They worked with counsel in Mexico and New York to refinance the company's debt obligations and partially finance the acquisition of Scribe, Mexico's second-largest paper company.

Alvarez-Farre ushered Bio Pappel, his client since the late 1990s, through financial restructurings in 2005 and 2009. They were the first such large-scale financial revamps conducted under Mexican restructuring law.

Client and counsel, who already had a solid working relationship, didn't lose touch after that.

"I represented Bio Pappel for all this time in all their cross-border international transactions," Alvarez-Farre said. He's a shareholder in both Greenberg Traurig's Latin American and Iberian practice group and its Miami corporate and securities practice.

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