Delta Sucroenergia Senior Secured A/B Loan

proposed

The proposed loan transaction (the “Transaction” or “Financing”) will be earmarked to provide advance financing for exports totaling up to US$40 million, out of which US$20 million will be provided by IDB Invest and up to US$20 million will be furnished by a participating commercial bank in the form of an A/B syndicated loan. The proposed financing will be used to i) increase Delta’s capacity to maintain its ethanol stock for longer periods thus contributing to improve the significant present imbalance between the high supply and low demand for ethanol as a result of the COVID-19 pandemic; and ii) provide medium-term working capital with amortization and grace periods consistent with the uncertainty scenario arising from the pandemic.___________________________________________________________________________________________________________________________Amendment April 14, 2021:The request of Delta Sucroenergia, the loan amount will be reduced to US$20 million, with the conversion of the A/B loan into a bilateral transaction with IDB Invest.