Arauco’s $200 Million Amended and Restated Credit Credit Facility


Simpson Thacher represented Chilean forestry company Celulosa Arauco y Constitución S.A. (“Arauco”) in connection with the amendment and restatement of a $200 million credit facility with The Bank of Nova Scotia, Export Development Canada, Banco del Estado de Chile – New York Branch and Sumitomo Mitsui Banking Corporation.

Celulosa Arauco y Constitución S.A., together with its subsidiaries, produces, sells, and exports forestry and timber products worldwide. The company operates through Pulp, Wood Products, and Forestry segments.

Simpson Thacher advised with a team including David L. Williams (Picture), Juan M. Naveira and Pablo Richards (Corporate); Robert Holo and Joseph Tootle (Tax); and Adam Cohen and Spencer Sloan (Bank Regulatory).

Involved fees earner: David Williams – Simpson Thacher & Bartlett; Juan Naveira – Simpson Thacher & Bartlett; Pablo Richards – Simpson Thacher & Bartlett; Spencer Sloan – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; Joseph Tootle – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Celulosa Arauco y Constitución S.A.;

Author: Ambrogio Visconti