Coruripe Sugar Mill secures R$ 530 million in international financing.

THE Coruripe Power Plant, which operates in the sugar and energy sector, announced this Thursday (2) that it has completed an operation of international financing of R$ 530 millionAccording to the company, the amount is part of a line of credit made available by the banks. Findev (Canada), FMO (Netherlands) and Proparco (France).

With a term of eight years, including a three-year grace period, the financing will be invested in operations of sugarcane, such as replanting, maintenance and field operations for the sugar production and ethanol. 

In addition, it will also be geared towards the management of 70,000 hectares of plantations of the entity in Alagoas and Minas Gerais. 

This text was translated by machine from Brazilian Portuguese.