$70 Million Pre-Export Finance Facility to Delta Sucroenergia S.A.


Hunton Andrews Kurth, Pinheiro Guimarães and Barbosa Müssnich Aragão advised on the deal

The Inter-American Investment Corporation (“IDB Invest”) as lender, closed on a $70 million secured pre-export finance facility to Delta Sucroenergia S.A. (formerly known as Usina Delta S.A.), a sociedade anônima organized and existing under the laws of the Federative Republic of Brazil, as borrower.

The proceeds of the loan will be used by the borrower to finance its export activities, in particular, to (a) renew sugarcane fields; (b) acquire certain agricultural equipment; and (c) increase operational efficiency with respect to crop-yields and industry performance. The repayment of the loan is secured by an assignment of export receivables and security interests in certain physical assets.

Hunton Andrews Kurth LLP advised IDB Invest as international counsel with a team including Uriel Mendieta (Picture), Eric Markus and Sid Sethy.

Pinheiro Guimarães advised IDB Invest with a team including Fabio Yanitchkis Couto, Bruno Lardosa and Bernardo A. C. Cunha.

Brazilian legal advice to the borrower was provided by Barbosa Müssnich Aragão with Paulo Ceppas Figueiredo and

Henrique Garcia Pimenta.

Involved fees earner: Siddharth Sethy – Andrews Kurth Kenyon; Paulo Ceppas Figueiredo – Barbosa, Müssnich & Aragào; Henrique Garcia Pimenta – Barbosa, Müssnich & Aragào; Eric Markus – Hunton Andrew Kurth; Uriel Mendieta – Hunton Andrew Kurth; Bernardo Cunha – Pinheiro Guimarães; Fabio Yanitchkis Couto – Pinheiro Guimarães; Bruno Lardosa – Pinheiro Guimarães;

Law Firms: Andrews Kurth Kenyon; Barbosa, Müssnich & Aragào; Hunton Andrew Kurth; Pinheiro Guimarães;

Clients: Delta Sucroenergia S.A.; IDB Invest;

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Author: Ambrogio Visconti