Celulosa Arauco y Constitución’s Debt Offering

Cravath represented the initial purchasers, Itaú BBA, J.P. Morgan Securities and Scotia Capital, in connection with the US$500 million 144A/Reg. S debt offering of Celulosa Arauco y Constitución S.A., currently Latin America’s largest forest plantation owner. The transaction closed on January 11, 2012.

The Cravath team included partner David Mercado on corporate matters and partner Michael L. Schler on tax matters.