Brazilian firms work on restructuring the Puma II financing to Klabin
Mattos Filho advised Klabin; Dias Carneiro Advogados acted as Brazilian counsel to Inter-American Development Bank, Inter-American Investment Corporation, International Finance Corporation and Japan International Cooperation Agency in the restructuring of the financing of USD 800,000,000 granted to Klabin, the largest paper producer, recycle and exporter in Brazil and one of the leading paper and cellulose companies of the world.
The restructuring aims to extend the average and final maturity of the financing.
The proceeds of the financing were directed to the implementation of Project Puma II and especially to support the purchase of equipment to produce the world’s first kraft liner paper 100% from eucalyptus and the achievement of certain ESG metrics to restore the biodiversity in the region of Puma II Project.
Mattos Filho Advogados was local counsel to Klabin, and relied on partners Bruno Mastriani Simões Tuca (pictured left), Flavia Magliozzi (pictured center), associates José Guilherme Malheiros and Maria Massi de Brito.
In house counsel to Klabin: Luciana Leoncini Xavier and Yasmin Gomes Seagull.
Clifford Chance was Klabin’s international counsel and relied on partners Patrick Jackson, Andrew Young and associate Heba Hazzaa.
In house counsel to IFC: Jorge Jaramillo
In house counsel to IDB Invest: Patricia Toledo
Dias Carneiro Advogados was lenders’ local counsel, and relied on partner Thiago Vallandro Flores (pictured right), counsel Pedro Malvezzi de Araújo and associate Fernanda Savorelli Melhem.
Hunton Andrews Kurth was lenders’ international counsel with partner Vera Rechsteiner, counsel Doris Rodriguez, associates James Channing and Yasmina Hammoumi Santaella.
