November 2024 – The firm advised a bank group led by Rabobank in their $132 million sustainability-linked export prepayment facility for sugar company Tereos Açúcar e Energia Brasil S.A, the Brazilian subsidiary of global agricultural cooperative conglomerate Tereos.
The key performance indicators underlying the sustainability-linked structure are reduction of intensity of certain greenhouse gas emissions and water consumption, increase in certified cane percentage and improvements in certain health and safety goals.
Emilio Saiz led the Hughes Hubbard team, which included Justin Cohen, Santiago Diaz-Seijido and paralegal Kirsten Golan.