Pinheiro Neto and Lefosse act in CRA issue by Eco Securitizadora

Pinheiro Neto acted as counsel to Lar Cooperativa Agroindustrial (debtor); Lefosse Advogados acted as counsel to the Coordinators

The deal consisted in the public offering with restricted efforts of the 1st series and 2nd series of the 120th issue of Certificates of Agribusiness Receivables – CRA by Eco Securitizadora de Direitos Creditórios S.A.

The CRA are guaranteed by the agribusiness credit rights owed by Lar Cooperativa Agroindustrial (debtor) represented by CPRs issued by the debtor.

The total value of the issue was R$400million.

The funds obtained from the subscription and payment of the Agribusiness Receivables Certificates will be used by the issuer to pay the expenses of the issue and to pay the debtor’s purchase price, under the terms of each of the CPRs.

The funds obtained by the Borrower by virtue of the payment of the CPRs will be used entirely and exclusively to finance its activities in agribusiness as a cooperative. This is the first CRA issue involving the Debtor.

Pinheiro Neto Advogados acted as counsel to Lar Cooperativa Agroindustrial (debtor) and included partner Tiago A. D. Themudo Lessa (pictured top left), Rafael José Lopes Gaspar (pictured top right), associate Marcello Mammocci Pompilio and Emily Coral Fernandez Somenzari.

Lefosse advised UBS Brasil Corretora de Câmbio, Títulos e Valores Mobiliários S.A., acted as Lead Coordinator and Banco Bradesco BBI S.A., Banco BTG Pactual S.A. and Banco Safra S.A., as coordinators and counted on partners Ricardo Prado (pictured bottom left) and Bruno Massis (pictured bottom right); associates Mariana Pollini, Isabela Magalhães and Gabriel Prado and assistant Letícia Rogick.