Papelera Internacional, S.A. (“Painsa”) is part of the Grand Bay Group, a personal care products company with presence in various markets, including Central America, the Caribbean, Colombia, Venezuela, Ecuador, Peru, and Chile.

Pan American Finance advised Painsa on a new US$10 million, 8-year, senior term loan from DEG, the German Development Bank, to finance the expansion of its paper production and conversion equipment and facilities.