Andrews Kurth and Dias Carneiro Represent IDB in $300 Million Loan to Klabin S.A.

(Washington, DC)—On June 30, 2015, Inter-American Development Bank (“IDB”) closed on a US$300 million secured A/B loan facility to Klabin S.A. (“Klabin”).

The proceeds of the loan will be used by Klabin to finance (i) equipment capital expenditures and (ii) working capital in connection with the design, development, financing, construction, ownership, operation, maintenance and closure of a state-of-the-art eucalyptus/pine plantation–based pulp mill with an annual production of one million five hundred thousand (1,500,000) tons and related facilities, including a two hundred and seventy (270) MW biomass electricity generation facility, a forty-two (42) kilometer two hundred and thirty (230) kv transmission line, a twenty-two (22) km secondary railway and storage facilities in the port of Paranaguá, State of Paraná, Brazil.

The U.S. based firm of Andrews Kurth LLP advised IDB as international counsel. Local legal advice was provided by Dias Carneiro, Arystóbulo, Flores, Sanches e Thomaz Bastos Advogados.

Andrews Kurth Lawyers:

Vera Rechsteiner, Partner

Eric Markus, Partner

Siddharth Sethy, Associate

IDB In-house Counsel:

Katherine Scheider Hallahan

IDB Brazilian Counsel:

Dias Carneiro, Arystóbulo, Flores, Sanches e Thomaz Bastos Advogados

Thiago Vallandro Flores, Partner

Gustavo Junqueira, Associate

Matheus Grande, Associate

Ana Luiza Amaro Maillet Cabral Rocha, Associate

Klabin U.S. Counsel:

Greenberg Traurig LLP 

Klabin Brazilian Counsel: 

Segurado e Oriente – Advocacia

As released by the former Andrews Kurth Kenyon LLP