TozziniFreire Advogados acted as deal counsel on the securitization
The offering involved the issuance of Agribusiness Receivables Certificates (CRA) by Gaia, a securitization company, backed by a certificate of agribusiness credit rights issued by FS Agrisolutions.
FS Bioenergia is the first company in Brazil to extract Ethanol of corn and is part of Summit Agricultural Group, one of the biggest agricultural group in the United States of America.
The issuance involved only one series. The maturity date of the CRA is February 24th, 2023. The amortization is made annually and the interest of the CRA is quarterly since the issuance date.
The respective interest rate of the CRA is 100% of the Interbank Deposit Certificate plus 3% spread.
TozziniFreire Advogados advised Gaia Securitizadora S.A. and Banco de Investimentos Credit Suisse (Brasil) S.A. and FS Agrisolutions Indústria de Biocombustíveis Ltda. with a team including Alexei Bonamin (Picture), Luiz Rafael Maluf, Leonardo Medeiros Braghetto and Júlia Oliveira Viana.
Law Firms: Tozzini Freire ;
Clients: Gaia Securitizadora SA;