Deal details

Sucafina - BBL

Description

Sucafina SA, a leading sustainable Farm to Roaster coffee company, has successfully closed a 2-year Sustainability-linked Senior Secured Borrowing Base Facility.This Facility includes a sustainability framework, supporting the group's vision to be the leading sustainable Farm to Roaster coffee company in the world. Challenging key performance indicators have been put in place, with a strong focus on increasing the number of certified farmers, developing a carbon emissions and climate action plan, and monitoring deforestation in Brazil and Colombia.The Facility includes dynamic mechanics to track the value of the borrowing base assets during the evolution of the stock from coffee parchment all the way to a paid receivable. During the process the Colombian business of Sucafina was added. This addition with new sub limits, two new jurisdictions and 4 new banks that were added made it a very complex transaction.

Companies involved

  • Sumitomo Mitsui Banking Corporation (SMBC), Raiffeisen Bank International, Societe Generale, ING Bank, Banco Davivienda, Natixis, UBS, Rabobank, Citi
  • FMO Development Bank
  • Natixis
  • Dentons
  • Sumitomo Mitsui Banking Corporation (SMBC)

Key information

Sucafina

275$m

12-08-2022

Agri/Soft Commodities / Coffee

Brazil

Commodity Trade Finance

Tranche information

Borrowing base lending

245$m

US Dollar - USD

0

2.0 years

-

SOFR

-

DFI/MDB Direct Loan

29$m

US Dollar - USD

0

-

-

-

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