CHS Closes Revolver

CHS Closes Revolver

Brazil Loans

Grain exporter CHS Brazil has closed a $250m revolver, with leads having brought in 12 banks, according to people following the process. Pricing on the 3-year trade finance facility is tied to a grid based on the ratio of consolidated funded debt to consolidated cash flow, and comes with a margin of Libor+125bp and a 12.5bp commitment fee. Joint lead arrangers and joint bookrunners Credit Agricole and Bank of America Merrill Lynch, heard coming in at $40m each, lead the deal. Senior MLAs Scotiab

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