Camera in Establishment of Loan Facility
August 13, 2012
Cleary Gottlieb represented Deutsche Bank as the lender in the negotiation of a short-term export prepayment loan facility for Camera Agroalimentos S.A., which closed on August 13. Export prepayment facilities require a borrower to use the proceeds of the loans to fund the production of goods for export, and the loan is prepaid using the receivables generated by those exports. Camera is a Brazilian company that cultivates, processes, distributes and exports agricultural products such as soybeans and rice and bio-fuels.