Tuesday, 1 April 2014
By Thomas Muskett-Ford
Pereira Neto and DLA Piper steer Brazilian sugar-ethanol finance
One of Brazil’s largest sugar and ethanol producers Usina de Açúcar Santa Terezinha (UST) has Pereira Neto | Macedo Advogados To close the transaction, Standard Chartered Bank coordinated the work of nine financial institutions spread across Asia, Europe and Latin America. The bank received counsel from DLA Piper LLP‘s New York and Chicago offices.turned to in São Paulo to help secure a US$180 million prepayment export facility backed by a syndicate of banks.
Due to its 2014 working capital needs, UST opted to borrow US$180 million rather than the US$325 million offered to it by the banking syndicate. The transaction closed 28 February.
Counsel to Usina de Açúcar Santa Terezinha
Pereira Neto | Macedo Advogados
Partners Ricardo Ferreira de Macedo and Mônica Arruda de Toledo Piza in São Paulo
Counsel to Standard Chartered Bank
DLA Piper LLP
Partner Jeffrey Susskind in New York and associates David Bamlango and Tonya Gauff in Chicago
Link: http://latinlawyer.com/news/article/46470/pereira-neto-dla-piper-steer-brazilian-sugar-ethanolfinance/