Stocche Forbes advises São Salvador on CRA deal
Stocche Forbes Advogados acted as deal counsel in a public offering of Agribusiness Receivables Certificates (CRA) totaling BRL 200 million, structured around credit rights originated by São Salvador Alimentos. The transaction, carried out under CVM 160, involved the 470th issuance by Eco Securitizadora de Direitos Creditórios do Agronegócio, with XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários serving as underwriter.
The operation consisted of the securitization of credit rights arising from a Rural Product Note with Financial Settlement issued by São Salvador Alimentos, followed by the public offering of the resulting CRA. The food-sector transaction was structured as a single series and was not treated as confidential by the parties involved.
Stocche Forbes fielded a team led by partner Thadeu Bretas, together with associates Ana Flávia Chaves, Vinícius Balmas and Carla Oliveira, who advised both the issuer and the underwriter on the transaction.
São Salvador Alimentos was supported internally by in-house counsel Vinicius Magno Alexandre Vieira, Leticia Bonifacio Neves de Carvalho and Jullyanne Lopes de Almeida Sousa, while XP Investimentos relied on in-house lawyers Victoria Foakes and Beatriz Caldas.
