TozziniFreire Advogados represented Octante and Pitangueiras in the transaction.
The offering involved the issuance of Agribusiness Receivables Certificates (CRA) by Octante Securitizadora S.A. (Octante), a securitization company, backed by agribusiness credit rights represented by instruments of credit issued by Pitangueiras Açúcar e Álcool Ltda. (Pitangueiras).
The issuance encompasses 2 (two) different series of CRA, in the total amount of BRL 70,000,000.00. The maturity date of the CRA is January 23, 2026.
Founded in 1975, Pitangueiras has a fundamental role in the sugar-energy sector, moving the economy of Pitangueiras-SP and the region in a sustainable way. Pitangueiras is associated with UNICA – Union of the Sugarcane Industry. It has been a member of Copersucar since 2011, with all its sugar and ethanol production delivered for sale.
TozziniFreire Advogados represented Octante and Pitangueiras with a team led by partner Alexei Bonamin (Picture), which included associates Gabriel Prates Gragnani, Leonardo Medeiros Braghetto, and Willian de Barros Pereira.
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