Aroeira Bioenergetica - Long Term Loan

inactive

Bioenergética Aroeira S.A.(“Aroeira”) is seeking to increase the sugarcane crushing capacity of the economic group it belongs to from 3 million to 4 million tons to scale-up its sugar and ethanol outputs, and both its sugarcane supply and warehousing accordingly. As a subset of the planned investments, the Project will also increase Aroeira’s capacity to co-generate electricity by 40MWh through the burning of the greater volume of residual biomass (sugarcane bagasse), being the surpluses of electricity sold to the market.The proposed financing consists of a long-term loan of up to R$250 million, with a tenor of 8 years, and 30 months of grace period included for payments of principal only.ADDENDUM:   August 15, 2022 – A change was made in the Amount of financing requested for up to R$250 million, reduced to up to R$244 million.