Scheffer e Cia. Ltda.’s $40 Million Credit Facility

Veirano Advogados represented COÖPERATIEVE RABOBANK U.A. (“Rabobank”) in a club deal structured in the form of an export prepayment facility in the total amount of  USD 40,000,000.

Upon issuance of Bank Credit Notes, Scheffer e Cia. Ltda., a major Brazilian soybeans exporter, borrowed USD 20,000,000 from Rabobank, a Dutch bank, and USD 20,000,000 from Industrial and Commercial Bank of China Limited, Dubai (DIFC) Branch (“ICBC”).

Veirano Advogados advised Rabobank in the negotiation of the terms of the Bank Credit Notes and the Fiduciary Assignment of Rural Lands Agreement given by companies from Scheffer e Cia. Ltda’s economic group, coordination of the execution of the various agreements, issuance of legal opinion and due diligence. Veirano Advogados team was led by Partner Daniela Anversa (Picture) and Lawyer Maria Julia Pinto.

Involved fees earner: Daniela Anversa – Veirano Advogados; Maria Julia Pinto – Veirano Advogados;

Law Firms: Veirano Advogados;

Clients: Rabobank;

Author: Ambrogio Visconti.