Credit Suisse arranged a $352 million senior secured term loan for Mexican paper producer, Bio Pappel.

The proceeds of the facility will be used to refinance the company’s dollar and peso-denominated debt.

Greenberg Traurig represented Bio Pappel in the transaction.

Bio Pappel produces paper and paper products in Mexico and Latin America using recycled paper. The company also manufactures corrugated packaging, newsprint, and bond paper.