Demarest e Almeida Advised Eduardo Queiroz Monteiro On Debt Restructuring

Profession:Demarest e Almeida Advogados
 
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Article by Antonio Giglio, Renato Buranello and Kristian Olaf Olsen

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 structured in order...

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