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Sucden Americas – revolving credit

02 March 2011

Securing a sweet result

We rarely see structured financings for US-based commodity traders, so this particularly innovative borrowing base structure for sugar trader Sucden Americas Corporation (Sucden) is a sweet and refreshing change. With an overall amount of $175 million it is designed as an umbrella structure to cover business in the US and with 10 South and Central American countries. It is also the first intra-American secured financing for a US- based sugar trader. The transaction was signed in July 2010, with ABN Amro Capital USA, BNP...


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