Commodity Shop Clinches Trade Line

Empresa Interagricola (Eisa,) the Brazil-based unit of commodity shop Ecom, has raised a $50m credit line with a group of international banks. The 1-year senior pre-shipment export facility, which pays Libor plus 250bp, was closed in the final week of December. Proceeds will support the company’s exports, which include largely cotton and coffee. Standard Chartered led the deal with Natixis, ING and Fortis joining as joint books.