Weil has advised Paprec Holding (Paprec) on a Rule 144A/Regulation S offering of €550 million senior secured notes due 2030 and €300 million senior secured notes due 2032.

Paprec intends to use the gross proceeds from the issuance of the new notes to fund the full redemption of its senior secured notes due 2027 and 2029 and for general corporate purposes.

Paprec plans to use an amount equivalent to the net proceeds from the issuance of the new notes to refinance, in whole or in part, Eligible Green Projects as defined in and in accordance with its Green Bond Framework dated June 27, 2025.

The Weil team was led by High Yield partner Gilles Teerlinck and included associates David St-Onge and Delphine Collinet in London, as well as Finance partner James Clarke and associate Caroline Bloch in Paris, with U.S. Tax advice from partner Greg Featherman and associate Carlos Parra.