Published on 2/25/2022 in the Prospect News Emerging Markets Daily.
New Issue: Coruripe sells $300 million 10% senior secured notes due 2027
By Marisa Wong
Los Angeles, Feb. 25 – Coruripe Netherlands BV issued $300 million of 10% senior secured notes due 2027 (B1) on Feb. 10, according to a notice on Friday.
The notes are guaranteed by Usina Coruripe Acucar e Alcool SA, a Brazilian distributor of sugar and ethanol.
| Issuer: | Coruripe Netherlands BV
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| Guarantor: | Usina Coruripe Acucar e Alcool SA
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| Amount: | $300 million
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| Issue: | Senior secured notes
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| Maturity: | Feb. 10, 2027
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| Coupon: | 10%
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| Issue date: | Feb. 10
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| Listing date: | Feb. 28
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| Listing: | Singapore
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| Rating: | Moody’s: B1
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| Distribution: | Regulation S and Rule 144A
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| ISIN: | US22088DAA81, USN2322CAA38
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