Candido Martins Cukier and FLH advise on CRA issuance by Eucatex
Candido Martins Cukier Advogados, advised the issuer and FLH advised the underwriters on the 100th issuance of agribusiness receivables certificates, in three series, by Vert Companhia Securitizadora (CRA) in the total amount of BRL 320 million, which were publicly offered to qualified investors (as defined in the applicable regulation).
The CRA were backed by commercial notes, issued in three series by Eucatex Indústria e Comércio, which were guaranteed by a corporate guarantee granted by its parent company Eucatex Indústria e Comércio; secured by a first lien security interest over eucalyptus forestry assets; and secured by a fiduciary assignment of funds.
The proceeds from the offering will be used by Eucatex to fund its agribusiness activities, including production and trade of wood.
FLH advised the underwriters BTG Pactual Investment Banking, Banco Safra and BB-Banco de Investimento and relied on partners Gabriel Leutewiler (pictured left), William Rizzi and Isabel Loffredo, and associate Luis Schiavinato.
Candido Martins Advogados relied on partners Mateus Leite (pictured right) and Raphael Arantes, associate Julia Godoy.
