Braskem S.A, leader in the thermoplastics segment in Latin America and among the five largest Brazilian privately-owned industrial companies, today announced that it has concluded successfully the syndication of a US$30m secured pre-export finance facility structured by ORIX Trade Capital ("OTC").
The facility has a tenor of 18 months and is secured by future export US dollar receivables. The facility documentation was signed on 19 August.
OTC acted as arranger and bookrunner for the facility. Lead managers were HSH-Nordbank, New York Branch, and OTC; and participants were Banco do Brasil, New York Branch and Landesbank Rheinland-Pfalz - Girozentrale. OTC is part of ORIX USA Corporation, a subsidiary of ORIX Corporation.
