Hunton Andrews Kurth Represents IDB Invest in $70 Million Pre-Export Finance Facility to Delta Sucroenergia S.A.

On December 12, 2018, the Inter-American Investment Corporation (“IDB Invest”) as lender, closed on a $70 million secured pre-export finance facility to Delta Sucroenergia S.A. (formerly known as Usina Delta S.A.), a sociedade anônima organized and existing under the laws of the Federative Republic of Brazil, as borrower.

The proceeds of the loan will be used by the borrower to finance its export activities, in particular, to (a) renew sugarcane fields; (b) acquire certain agricultural equipment; and (c) increase operational efficiency with respect to crop-yields and industry performance. The repayment of the loan is secured by an assignment of export receivables and security interests in certain physical assets.

The U.S. based firm of Hunton Andrews Kurth LLP advised IDB Invest as international counsel. Brazilian legal advice to IDB Invest was provided by Pinheiro Guimarães. Brazilian legal advice to the borrower was provided by Barbosa Müssnich Aragão.

Hunton Andrews Kurth Lawyers:

Uriel Mendieta, Partner
Eric Markus, Partner
Sid Sethy, Associate

IDB Invest’s In-house Counsels:

Celeste Pozo
Mariana Wiesel Beltrame

Pinheiro Guimarães:

Fabio Yanitchkis Couto, Partner
Bruno Lardosa, Partner
Bernardo A. C. Cunha, Associate

Barbosa Müssnich Aragão:

Paulo Ceppas Figueiredo, Partner
Henrique Garcia Pimenta, Associate