Simpson Thacher counsels Agrovision on financing
Simpson Thacher has counselled Agrovision Corp. in connection with a USD $230 million secured term loan and a USD $150 million unsecured revolving credit facility, which can be extended to a total amount of USD $400 million.
The proceeds of the financing will be used to fund Agrovision’s expansion and innovation plans, for working capital and to refinance Agrovision’s existing debt.
Agrovision is a leading, vertically integrated global superfruit platform focused on berries and cherries. It has growing, supply chain and marketing activities in North America, Latin America, Europe, Africa and Asia.
Simpson Thacher’s team consisted of partner Juan Mendez (pictured), associate Jomar Vargas, international associates Jose Colin and Begoña Rodriguez, and counsels Michael Mann and Emily Holland.
