Cordiant Backs US$100 Million Loan for Agribusiness Company Fiagril (Latin America)

Source: Cordiant Capital

Emerging markets-focused debt and equity fund manager Cordiant Capital has contributed US$10 million to a US$100 million trade financing facility for Brazil-based agribusiness company Fiagril. Cordiant’s loan, structured through Cordiant Emerging Loan Fund (CELF) IV, was made in syndication with global agribusiness company Bunge International Commerce, part of food processing group Bunge. Fiagril is a supplier of seeds, fertilizer and other materials to Brazil’s agricultural industry, and intends to use the loan to purchase seeds and fertilizer to sell to farms in the state of Mato Grosso ahead of the 2014 harvest season.