Lefosse and Machado Meyer advise Seara on BRL 919.6 million CRA issuance
Lefosse and Machado Meyer advised on the BRL 919.6 million issuance of agribusiness receivables certificates (CRA) by Seara Alimentos, a subsidiary of JBS and one of Brazil’s leading food companies.
The transaction, structured by Virgo Companhia de Securitização and coordinated by XP Investimentos, involved three distinct series and followed the terms of CVM Resolutions 160 and 60.
The CRAs were backed by credit rights arising from the purchase of in natura corn, a key input for animal feed and agro-industrial production. The proceeds will be used to fund agricultural supplies in the ordinary course of Seara’s business.
Lefosse advised Seara and relied on partners Bruno Massis (pictured top left) and Pedro Cruciol (pictured top right), associates Raquel Aguiar and Luis Bruno.
Machado Meyer advised the underwriters XP Investimentos, Itaú BBA, Bradesco BBI, BTG Pactual, BB-Banco de Investimento, Banco Daycoval, Santander, Banco Safra, Genial Institucional, and relied on partners Eduardo Castro (pictured bottom left), Guilherme Azevedo (pictured bottom right), and lawyers Isabelle Valente, Fernanda Marques Ribeiro, Isabela Pereira and Matheus Barcelos.
In-house counsel list:
XP Investimentos: Luiza Trindade e Beatriz Caldas
Itaú BBA: Luana Damasceno
Bradesco BBI: Renata Machida, Brian Souza, Bianca Santos, Flávia de Andrade
BTG Pactual: Felipe Andreu, Izabel Siqueira, Gabriela Trevisan, Matheus Borghi, Carolina Sequeira, Fernando Silva
Banco do Brasil (BB-Banco de Investimento): Mateus Marcos e Valdir Martins
Santander: Caio Peninente e João Aransai
Banco Safra: Felipe Barbosa, Isadora Chaves.
