DEALS AND TRANSACTIONS
Summary of Transaction Demarest advised debt restructuring of Brazilian sugar and ethanol producers Zihuatanejo do Brasil Açúcar e Álcool S.A., ("Zihuatanejo"), S.A. Leão Irmãos Açúcar e Álcool ("Leão"), of Group Eduardo Queiroz Monteiro, involving Callao Partners, Ltd. ("Callao"), as Lender, Crecera Finance Management Company Llc. ("Crecera"), as Agent, Zihuatanejo Investments Ltd. ("Zihuatanejo Investments") and Brazil Ethanol Participações S.A. ("Brazil Ethanol"), as Intervening Parties and Saca S.A. Sociedade de Açúcar e Álcool ("Saca"), Kelbe Participações Ltda ("Kelbe") and Mr. Eduardo de Queiroz Monteiro, as Guarantors, amouting US$ 34 million.
January 17, 2012
Comments The deal is part of a coordinated effort by Callao, through its agent Crecera to rearrange, in a suitable way, outstanding debts arising from agribusiness loans, notably to sugar and alcohol producers. A strong security package was...