Home / Daily Briefs / 2023 / 23 / Clealco lands financial lifeline

Clealco lands financial lifeline

Clealco lands financial lifeline

May 23, 2023 | Thierry Ogier
Brazilian sugar and ethanol producer gets $52 mln in a DIP loan to refinance 80% of debt

Debt Loans Asset Management Brazil

Brazilian sugar and ethanol producer Clealco said Monday that it secured BRL260 million ($52.3 million) in financing to pay off bank loans, avoiding the need to sell assets to pay its debts. Clealco, which adopted a financial recovery plan in June 20

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