Issuance of US$100 million Senior Secured Bonds - Ceagro
Olimpia Partners advised on this structured debt transaction involving Ceagro Agrícola, in the Agribusiness sector. Deal value: Confidential.
Exclusive financial advisor to Ceagro Agrícola.
Ceagro Agrícola
Agribusiness · structured debt · Confidential
Case Study
• On October 20, 2010 Olimpia Partners acted as sole financial advisor on an inaugural US$100.0 million senior secured notes offering for Ceagro Agrícola Ltda (“Ceagro”)
• Ceagro was the largest corn originator and among the largest soybean originators in Brazil at the time of the transaction
• The $100.0 million transaction priced at the initial guidance of 11.0%
• Proceeds were used to repay existing indebtedness, working capital, and for general corporate purposes
• Ceagro’s unique business model, experienced management, in addition to a debt service reserve account and offshore collection account gave investors comfort on the only inaugural Brazilian single-B issue in 2010
Transactions