Pantaleon’s $70 Million Loan

Hogan Lovells advised Pantaleon SA on the transaction.
Clifford Chance and BLP advised IDB Invest

Pantaleon secured a $70 million loan from IDB Invest.

The financing consists of a senior loan for up to US$70 million to be granted as follows: (i) up to US$50 million with funds from the IDB Group, and (ii) up to US$20 million through the mobilization of third parties’ resources (“i” and “ii” jointly the “Loan”). PSA will use the Loan funds to finance (i) its industrial and agricultural fixed investment plans, including the implementation of green projects; and (ii) its working capital needs, including advance payments to sugarcane producers (the “Project”). The main development objectives of the Loan include: (i) improving agricultural productivity, improving yields and costs; (ii) support sustainable operations through the implementation of climate-smart investments/practices; (iii) strengthen the Company’s value chain, supporting small and medium sugarcane producers; and (iv) promote the use of technology and innovation.

Hogan Lovells advised Pantaleon SA on the transaction with a team including Jorge Díaz-Silveira (Picture) and Pedro Martínez Rubí.
Clifford Chance advised IDB Invest with a team including Jessica Springsteen, Greg Jehle and Rossmery Romero Pariachi.

BLP advised IDB Invest with a team including María Inés Arenales, Gustavo Gamboa and Pablo Umaña.

Involved fees earner: María Inés Arenales – BLP; Gustavo Gamboa – BLP; Pablo Umaña – BLP; Greg Jehle – Clifford Chance; Rossmery Romero Pariachi – Clifford Chance; Jessica Springsteen – Clifford Chance; Jorge Diaz-Silveira – Hogan Lovells; Pedro Martínez Rubí – Hogan Lovells;

Law Firms: BLP; Clifford Chance; Hogan Lovells;

Clients: IDB Invest; Pantaleón S.A. ;


Author: Ambrogio Visconti