NEW YORK, March 6, 2014 (GLOBE NEWSWIRE) -- INTL FCStone Inc. (Nasdaq:INTL) today announced that the investment banking division of its wholly owned subsidiary, INTL FCStone do Brasil., arranged for their customer, the Brazilian subsidiary of Ecom Agroindustrial, EISA Interagrícola, the global commodity trading and processing company, the successful raising of a R$ 30.6 million local receivables securitization transaction known as CRA (Certificado de Recebíveis do Agronegócio).
INTL FCStone served as the mandated lead arranger. GAIA Agro was the securitization agent and Banco Fator served as the lead coordinator. The transaction was sold among Banco Fator's private banking clients, who took advantage of tax benefits on this particular structure, having as the underlying transaction agribusiness producer pre-crop receivables between EISA and its customers (coffee and cotton farmers).
Steve Carlson, President, Head of Investment Banking for INTL FCStone Securities Inc., said, "We're pleased that our colleagues at our Brazilian affiliate were able to put this deal together for EISA. It is going to position them to aggressively meet the needs of their customers by allowing them to provide them with a much cheaper source of financing for their operations."
Fabio Solferini, CEO of INTL FCStone do Brasil, said, "This is the kind of transaction that showcases the breadth of services offered by INTL FCStone. This transaction adds a tremendous amount of value to our existing customers."
"Among the participants in this transaction are more than 80 individual farmers and cooperatives. We are delighted to be part of this unprecedented transaction in the Brazilian market." said Ana Firmato, Managing Director in Brazil for INTL FCStone do Brasil.
Carlos Santana Jr., Commercial Director of Interagrícola, said, "This transaction allows us a great deal of flexibility in the way that we conduct our operations and opens tremendous new opportunities for us as we seek to serve our customers. Being able to depend on INTL FCStone's experience and expertise proved to be an invaluable resource throughout the process."
Ecom Agroindustrial Corp. Ltd. is a global commodity trading and processing company specializing in coffee, cotton and cocoa in major producing and consuming countries, with ancillary agricultural operations in oilseeds.
About INTL FCStone do Brasil
INTL FCStone do Brasil provides advisory services in commodities, currencies, investment banking and corporate finance services to customers around the globe. We offer a full range of advisory and capital raising services for our clients.
About INTL FCStone Inc.
INTL FCStone Inc. (INTL), through its subsidiaries, provides execution and advisory services in commodities, currencies and international securities. INTL's businesses, which include the commodities advisory and transaction execution firm FCStone Group, serve more than 20,000 customers in more than 100 countries through a network of offices in eleven countries around the world.
Further information on INTL FCStone is available at www.intlfcstone.com.