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Grand Bay Paper Products. Ltd.
Debt Restructuring
US$ 40,000,000
April 2012

Grand Bay Paper Products Limited (“Grand Bay Paper”) is a Trinidad-based manufacturer of tissue paper products and the leading tissue paper mill in the Caribbean.

Pan American Finance advised Grand Bay Paper, an affiliate of Montreal-based Kruger Group, on the restructuring of US$40.0 million in existing long-term bank debt with the IFC, Royal Bank of Canada, and First Citizens Bank.