Cuatrecasas has advised Softys Brasil Ltda. (Softys), as debtor, and Empresas CMPC S.A., as guarantor, on a financing transaction for general corporate purposes. The loan totals approximately USD 37 million and is subject to Brazilian law.
Softys manufactures and distributes consumer goods, and in Brazil these paper products include facial tissues, hand towels, napkins, pads, toilet paper and seat covers. The financial transaction is part of the Softys expansion plan in the Brazilian market. It also involves a new financing agreement with BNP Paribas, one of the institutional creditors with which the company has entered into credit agreements in the recent past.
Macarena Ravinet, partner in the Cuatrecasas Corporate and M&A Practice, states: “This financing is a big step in the Softys consolidation process in the Brazilian market. We are very happy to continue collaborating with the company in this process.”