January 2018 - Brazilian bioethanol plant reaches financial close

Astris Finance announces that it has closed an expansion financing for client Summit Brazil Renewables and its Brazilian subsidiary FS Bioenergia. FS Bioenergia owns and operates the first corn-based ethanol production facility in Brazil, located in Lucas do Rio Verde in the Brazilian state of Mato Grosso. The first phase of the facility entered into operations in mid-2017 and in February 2018 closed on a debt facility to finance the doubling of the plant’s capacity. Construction works are underway and the expansion is expected to be operational in 2019. Astris Finance served as exclusive Financial Advisor to Summit and FS Bioenergia.