Proteak Obtains $65 Million Credit Facility From IFC and PROPARCO


White & Case and Santamarina y Steta have advised on the transaction

Proteak Uno, S.A.B. de C.V. (Proteak, BMV: TEAK), the leading Mexican company in the international forestry sector, announced that the International Finance Corporation (IFC) and the Promotion and Participation Agency for Economic Cooperation (PROPARCO), granted a multilateral credit facility for $65 million dollars, an unprecedented event in Mexico.

This facility will be utilized to support the Company’s rapid growth through the sustainable development of up to 10,000 new hectares of commercial forest plantations and restructure Proteak’s current debt with improved conditions.

White & Case has advised Proteak Uno S.A.B. de C.V. with a team including Francisco García Naranjo (Picture), Diana González Flores and Sofía Duclaud Llantada.

Santamarina y Steta has advised IFC and PROPARCO with Juan Carlos Machorro, Ricardo Orea and Arturo Rosette.

Involved fees earner: Juan Carlos Machorro G. – Santamarina y Steta; Ricardo Orea M. – Santamarina y Steta; Arturo Rosette B.B. – Santamarina y Steta; Francisco Garcia-Naranjo González – White & Case; Diana González Flores – White & Case; Sofía Duclaud Llantada – White & Case;

Law Firms: Santamarina y Steta; White & Case;

Clients: International Finance Corporation; Proparco SA; Proteak Uno, S.A.B. de C.V.;

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Author: Ambrogio Visconti.