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.
Awards
Astris Finance is pleased to announce that this year again, Astris Finance has been named Financial Advisor of the Year for Latin America, an award granted by IJGlobal and selected by a panel of industry participants and experts.
