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$m
12-08-2022
Agri/Soft Commodities / Coffee
Brazil
Commodity Trade Finance
Tranche information
BBL
245$
Borrowing base lending
245$m
US Dollar - USD
0
2.0 years
-
SOFR
-
Participant | role | ticket size |
---|---|---|
UBS | Lender | 28$m |
Banco Davivienda | Lender | 28$m |
Raiffeisen Bank International | Lender | 28$m |
Sumitomo Mitsui Banking Corporation (SMBC) | Lender | 19$m |
Citi | Lender | 28$m |
ING Bank | Lender | 28$m |
Societe Generale | Lender | 28$m |
Natixis | Lender | 28$m |
Rabobank | Lender | 28$m |
FMO Direct Loan
29$
DFI/MDB Direct Loan
29$m
US Dollar - USD
0
-
-
-
-
Participant | role | ticket size |
---|---|---|
FMO Development Bank | DFI/MDB direct lender | 29$m |