Sucro Limited Secures $325 Million Credit Facility Led by Rabobank
Summary
This financing will be used for general corporate purposes and enable Sucro to pursue strategic opportunities, expand its refinery-driven supply chain and continue to meet the increasing demand for refined sugar. "The revised facility has more favorable pricing, which will have a positive impact on our future financial results, as we remain focused on driving operational excellence and delivering long-term value to our stakeholders. The banks senior leaders have expressed enthusiasm over strengthening this relationship:"Sucro Limited has demonstrated a steadfast commitment to growth and sustainability in the sugar industry and we are proud to provide support with this syndicated credit facility, said Rabobanks Christine Pelletier, managing director and regional head of trade and commodity finance in the Americas. "The significant oversubscription is a testament to the syndicates confidence in Sucros long-term growth, as evidenced by a consistent track record of operational and financial execution," said Christopher Hartofilis, head of capital markets for Rabobank North America. In the Americas, Rabobank is a premier bank to the food, agribusiness, commodities and renewable energy industries, providing sector expertise, strategic counsel and tailored financial solutions to clients across the entire value chain.