"PGIM has provided our company with the support needed to grow and expand our operations since 2019, and we deeply value the relationship we’ve built with them over the years.”
Mayela Rincón, CFO, Bio Pappel, S.A. de C.V.
PGIM's relationship with Bio Pappel began in 2019, when they provided the Company with $150 million Senior Secured Notes to finance the acquisition of U.S. Corrugated, an independent packaging company. In 2022, PGIM also worked with Bio Pappel to refinance partial purchase price for Midwest Paper Group by purchasing $100 million Senior Secured Notes.
In 2025, PGIM continued its support for Bio Pappel by providing $205 million Senior Secured Notes to refinance existing debt and fund future growth opportunities.
Bio Pappel chose to work with PGIM due to our ability to provide long-term capital solutions, our speed of execution, and our reputation as a relationship-focused provider.
We value our long-term relationship with Bio Pappel and look forward to continuing our partnership in the future.
