Delta Sucroenergia Senior Secured A/B Loan (IDBI-12434-02)

Countries
  • Brazil
Where the impacts of the investment may be experienced.
Financial Institutions
  • IDB Invest (IDBI)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 14, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Delta Sucroenergia S.A
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 20.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 40.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IDBI website

Updated in EWS Jan 4, 2021

Disclosed by Bank Oct 21, 2020


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Project Description

The proposed loan transaction (the “Transaction” or “Financing”) will be earmarked to provide advance financing for exports totaling up to US$40 million, out of which US$20 million will be provided by IDB Invest and up to US$20 million will be furnished by a participating commercial bank in the form of an A/B syndicated loan. The proposed financing will be used to i) increase Delta’s capacity to maintain its ethanol stock for longer periods thus contributing to improve the significant present imbalance between the high supply and low demand for ethanol as a result of the COVID-19 pandemic; and ii) provide medium-term working capital with amortization and grace periods consistent with the uncertainty scenario arising from the pandemic.

Investment Description
  • IDB Invest (IDBI)
Private Actors
Contact Information

For questions about the Project please contact

Name:                  Frederico Machado Paropat Souza

Title:                     Corporate Legal Administrative Department Manager

Telephone:          +55 34 3319-6400

E-mail:                  frederico.paropat@deltasucroenergia.com.br

 

For questions and comments to IDB Invest, please contact:

Name:                 Grupo de Comunicação do BID Invest

E-mail:                 divulgacionpublica@IDBInvest.org

 

In addition, affected communities can access IDB Invest’s Independent Consultation and Investigation Mechanism (ICIM) as follows:

Telephone:           +1 (202) 623-3952

Fax:                      +1 (202) 312-4057

Address:               1300 New York Ave. NW Washington, DC. USA. 20577

E-mail:                   mecanismo@iadb.org  ou  MICI@iadb.org