Celulosa Arauco y Constitución S.A.’s €555 Million Export Credit Facility

Simpson Thacher represented Chilean forestry company Celulosa Arauco y Constitución S.A. (“Arauco”) in connection with a €555 million export credit facility to finance the construction and start-up of a new production line of bleached hardwood kraft pulp in their mill, located in province of Arauco, Bio Bio Region, Chile.

Arauco is one of Latin America’s largest forest plantation owners and one of the world’s largest producers of bleached and unbleached softwood kraft pulp, bleached hardwood kraft pulp and wood products, in terms of production capacity.

The Simpson Thacher team included David L. Williams (Picture), Juan M. Naveira, Pablo Richards and Enrique Güijosa Rincón (Corporate); Robert Holo and Sarah Julian Duffy (Tax); and Michael Isby (Environmental).

Involved fees earner: Enrique Güijosa Rincón – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Sarah Julian Duffy – Simpson Thacher & Bartlett; Juan Naveira – Simpson Thacher & Bartlett; Pablo Richards – Simpson Thacher & Bartlett; David Williams – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Celulosa Arauco y Constitución S.A.;

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Author: Ambrogio Visconti