30/07/2011
WestLB as Mandated Lead Arranger in a USD 500 million Brazilian Pre-Export Financing
Commodity Finance Latin America has successfully joined as MLA a USD 500 million Pre-Export Finance Facility (PXF) for Multigrain S.A., one of Brazil’s largest traders of soy, corn, wheat and cotton.
The PXF is an up to 19-month transaction with export-backed amortizations between April 2012 and January 2013. As collateral, Multigrain provided assigned offtake contracts for soybeans with acceptable export buyers. On top, Xingu - Multigrain’s sister company, and a major Brazilian grains and soybean producer and owner of farmland, guarantees Multigrain´s obligations under the PXF.