Becker Glynn Represents DEG and FMO in $90 Million Financing of Forestry Assets in Argentina

The Firm served as international transaction counsel to DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG) and the Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO) in connection with a $90 million credit facility to Celulosa Argentina S.A., a leading Argentine company engaged in the production of pulp and paper. The date of the initial closing was August 13, 2008.

Celulosa Argentina S.A. is one of the largest pulp and paper producers in Argentina and with the financing was seeking, among other things, to integrate its scope of business by purchasing forestry related assets.

The Firm’s representation of DEG and FMO during the transaction included advice and assistance during the due diligence process and the drafting and negotiation of the loan agreement and related documents. The Firm also assisted DEG and FMO in coordinating the Argentinean legal aspects of the transaction with Argentine counsel to the lenders and the borrower.