UMOE’s $15 Million Floating Rate Notes Offering


Dias Carneiro and Hunton Andrews Kurth advised CIFI, while Holland & Knight advised UMB Bank on the deal.

Umoe Bioenergy, S.A. (UMOE) and CIFI Latam, S.A. (CIFI) entered into agreements for the purchase of floating rate notes due 2028 to be issued by UMOE, in the aggregate principal amount of up to $15 million, as follows: initial securities of up to $12 million in aggregate principal amount of UMOE’s floating rate notes due 2028 (Initial Securities); and additional securities of up to $3 million in aggregate principal amount of UMOE’s floating rate notes due 2028.

The securities have been and will be issued pursuant to an indenture entered into on December 21, 2020 by and between UMOE and UMB Bank, N.A., as trustee, note registrar and paying agent.

The proceeds of the issuance will be used, to pay costs and expenses in connection with UMOE’s investment program of planting about 12,500 hectares of sugarcane for crop renewal, ratoon treat investments and additional working capital through 2022.

Umoe Bioenergy S.A. provides agriculture processing services. The Company transforms sugar cane juice into different sized sucrose crystals and produces fuel, ethanol, and renewable electrical power. Umoe Bioenergy serves customers in Brazil.

Hunton Andrews Kurth LLP advised CIFI as international counsel with Jane Hopwood, Counsel, Eric Markus, Partner, Sam Wolff, Special Counsel, Luis Andrade, Associate, and Yasmina Hammoumi Santaella, Associate.

Dias Carneiro Advogados provided brazilian legal advice to CIFI with Thiago Vallandro Flores, Partner (Picture), Gustavo Junqueira, Partner, Pedro Malvezzi de Araujo, Senior Associate, Fernanda Savorelli Melhem, Associate, and Luiza De Munno, Associate.

Pilar Suescum acted as CIFI In-house Counsel.

Gustavo Di Serio Dias acted as UMOE In-house Counsel.

Holland & Knight advised UMB Bank, N.A. with a team led by Michael Fruchter, Senior Counsel.

Involved fees earner: Luiza De Munno – Dias Carneiro Advogados; Gustavo Junqueira – Dias Carneiro Advogados; Pedro Malvezzi de Araujo – Dias Carneiro Advogados; Fernanda Savorelli Melhem – Dias Carneiro Advogados; Thiago Vallandro Flores – Dias Carneiro Advogados; Michael Fruchter – Holland & Knight; Luis Andrade – Hunton Andrew Kurth; Jane Hopwood – Hunton Andrew Kurth; Eric Markus – Hunton Andrew Kurth; Yasmina Hammoumi Santaella – Hunton Andrew Kurth; Samuel Wolff – Hunton Andrew Kurth;

Law Firms: Dias Carneiro Advogados; Holland & Knight; Hunton Andrew Kurth;

Clients: CIFI – Corporacion Interamericana para el Financiamiento de Infraestructura, S.A.; UMB Bank;

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Author: Ambrogio Visconti.