Santos Neto assists Caramuru in export securitization program

Santos Neto Advogados assisted Caramuru Alimentos in the structuring and implementation of its export securitization program

Santos Neto Advogados assisted Caramuru Alimentos, one of the largest processing companies of soy, corn and sunflower in Brazil, in the structuring and implementation of its export securitization program.

The company raised US$ 40 million through the issuance of Senior Export Notes, which were placed to external institutional investors.

This is the first issue within Caramuru’s export securitization program of up to $150 million for receivables generated by its exports of specific products sold to customers located predominantly in Europe.

Part of the amount will be used to finance the company’s working capital and for general corporate purposes.

Rock Elm Capital Management LLC and StormHarbour Securities LP acted as financial structurers of the transaction and DoubleBlue Capital Ltda acted as financial advisor to Caramuru.

Santos Neto Advogados acted as legal advisor to Caramuru and included partner Domicio dos Santos Neto (pictured) and associate Gabriela Ticianelli.

White & Case LLP represented the same party.

Mayer Brown LLP acted as legal counsel to the investors.