HOUSTON – Bracewell LLP represented Macquarie Bank Limited, as administrative agent, in a revolving credit facility in favor of agricultural commodities trading companies, Ceres Global Ag Corp. and Riverland Ag Corp.
Macquarie Bank Limited serves as administrative agent for the facility on behalf of a syndicate group of lenders, which includes Bank of Montreal and Coöperatieve Rabobank U.A. The amended and restated credit agreement increases the amount of the revolving facility available to Ceres from $67.5 million to $80 million, with the potential to access an accordion feature that would provide an additional $20 million. The revolving facility matures on February 13, 2020.
Bracewell lawyers involved in this transaction included:
Partners: Kate H. Day, Robin J. Miles and Scott C. Sanders
Associates: Kenni E. Callahan and Ryan Davis