Lefosse advises on CRA for Mantiqueira
Lefosse has acted as deal counsel in a public offering to professional investors of Agribusiness Receivables Certificates (CRA) issued by Eco Securitizadora de Direitos Creditórios do Agronegócio, in a transaction totaling BRL150 million.
The offering comprised 150,000 CRAs and was structured pursuant to CVM 160, as amended, and CVM 60, alongside other applicable laws and regulations.
The CRAs are backed by credit rights arising from a rural product note issued by Mantiqueira Alimentos in favor of the issuer. Subject to the eligibility criteria set forth in CMN Resolution 5,118, the net proceeds raised by Mantiqueira through the offering will be allocated entirely to the acquisition of agricultural products, notably eggs, in the ordinary course of the company’s business.
XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários acted as lead underwriter of the offering, with in-house counsel Victoria Foakes representing the institution on the transaction.
The Lefosse team advising Mantiqueira Alimentos was led by partner Bruno Massis, supported by associates Luis Bruno, Lara Maroni and Gustavo Marçal.
