Deal analysis: Multigrain pre-export financing

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15 October 2009

Multigrain unusually included a mortgage facility on its latest pre-export financing but, as the firm’s treasurer tells Trade Finance, the company now looks set to have a bumper year.

Multigrain’s $210 million pre-export finance facility was one of the very few deals happening in the syndications market earlier this year in Brazil. To get the deal away and speed up the transaction the company included a mortgage facility on its farms.

Markets have since relaxed and similar pre-exports are now popping up in a variety of markets but the firm reveals how securing extra funds this year has led to a bumper year.

Calyon London, ING Bank and Fortis Bank Nederland are the bookrunners on the deal with Calyon acting as administrative and documentation agent. Bradesco Corporate, BTMU, Mizuho and Santander also joined the facility.

The facility was signed in May and...

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