Minerva out to banks for PXF

In:

Agri/Soft Commodities

Region:

Americas

By Sean Keating

Brazilian meat and cattle exporter Minerva is out to banks for a $150 million three-year syndicated -pre-export facility (PXF). The deal was launched to lenders last week by sole bookrunner ING Bank. Commitments start at $30 million and the debt pays 245bp over Libor. Financial close is expected in...

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