Raizen Loan Adds Banks

Brazilian sugar, ethanol and bioenergy producer Raizen is heard nearing the close of a $450m loan this week. The 3-year term loan pays Libor+150bp. Citi and HSBC are lead arrangers, with senior MLAs Bank of America, Credit Agricole and Bank of Tokyo. MLAs are Bank of China, Lloyds, Scotiabank, and Sumitomo Mitsui, and arrangers are Barclays, Bradesco, JPMorgan and Mega Bank. The facility will raise funds for refinancing existing debt. Raizen is a joint venture between Cosan and Royal Dutch Shell.