Upsized Brazilian Export Facility Nears Close

Upsized Brazilian Export Facility Nears Close

Brazil Loans

Brazilian seed producer Caramuru’s $220m loan is in the documentation phase, with people following the deal expecting a final close as soon as early November. The transaction was upsized from a planned $200m, after getting about $300m in commitments. The 4-year pre-export facility features an 18-month grace period and pays Libor+350bp. MLA Rabobank is leading the deal and is heard to be in with $35m, down from an originally committed $50m. Lead arrangers Bladex, CAF, ING and Metropolitan Life In

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