April 25, 2022

Mayer Brown advised on a GTR Best Deals 2022 winner


The restructuring of US$1.4 billion of debt previously owed by Biosev

London — Mayer Brown is proud to have advised a group of lenders on the negotiation, structuring and execution of a multi-jurisdictional debt restructuring for the Brazilian sugar and ethanol producer Biosev, which was named one of Global Trade Review's (GTR) Best Deals 2022.

A cross-practice team of Mayer Brown lawyers advised ABN AMRO Bank N.V, BNP Paribas, Crédit Agricole Corporate and Investment Bank, ING Bank N.V., Natixis New York Branch, Cooperative Rabobank U.A. and Société Générale on the consensual restructuring of approximately US$1.4 billion of debt, previously owed by Biosev.

In addition to the banks advised by Mayer Brown, the transaction involved around a dozen Brazilian and international financial institutions as lenders and agency and escrow teams from Crédit Agricole, ING Bank N.V., JPMorgan and TMF.

Due to the complexity of the deal, which involved parties located in Brazil, the United States and Europe, Mayer Brown Banking & Finance partners Ash McDermott (London), Eduardo Lima (São Paulo) and Doug Doetsch (Chicago) led a large team comprising corporate, regulatory and finance lawyers in Brazil, finance and trustee lawyers in the United States and lending, derivatives and restructuring lawyers in London.

Global Trade Review selects winning Best Deals from the market's best-in-class trade, commodities, supply chain and export finance transactions from the previous 12 months. Click here, for more details on this year's winners.

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