January 17, 2014
Adecoagro is in the market with a $80m pre-export facility to finance Brazi
Adecoagro is in the market with a $80m pre-export facility to finance Brazilian operations, LatinFinance understands. The loan has a tenor of four years and pays Libor plus 420bp. Banks will get 80bp for lead arranger tickets of $20m and 70bp for arranger tickets of $15m, 60bp for manager tickets of $10m and 50bp for participant tickets of $5m. The deal is secured by Brazilian exports from the NYSE-listed firm. ING leads the deal.