
Basic information
Company name
Delta Sucroenergia S.A
Investment type
Loan
E&S category
B
Disclosed date
Projected board date
Approval date
Team Leader
Guedes Kafrune, Maher Alexandre
Financing
Syndicated Amount
$ 20,000,000
Financing amount
$ 20,000,000
Financing Currency
USD
Project
Scope
and
Objective
and
IDB
Invest
Participation
The proposed loan transaction (the “Transaction” or “Financing”) will be earmarked to provide advance financing for exports totaling up to US$40 million, out of which US$20 million will be provided by IDB Invest and up to US$20 million will be furnished by a participating commercial bank in the form of an A/B syndicated loan. The proposed financing will be used to i) increase Delta’s capacity to maintain its ethanol stock for longer periods thus contributing to improve the significant present imbalance between the high supply and low demand for ethanol as a result of the COVID-19 pandemic; and ii) provide medium-term working capital with amortization and grace periods consistent with the uncertainty scenario arising from the pandemic.