Agrovision obtains US$210 million to finance its continued expansion
Agrovision has announced the successful completion of a $210 million syndicated financing to fund the next phases of its ambitious global growth plan.
The deal includes an option to increase the size of the facility by an additional $190 million for a total size of $400 million.
Long-term flexible financing was led by Credit Suisse and co-leaders Rabobank and Santander. ICBC and others also participated in the union.
“We are very excited to have closed this historic financing in a volatile environment. This reflects market confidence in Agrovision's financial strength and prospects,” said Chairman Steve Magami.
"The capital will allow us to pursue strategic opportunities on a global scale and increase the supply of the world's best berries from current and new markets."
Agrovision is a leading vertically integrated producer and supplier of superfruits and vegetables. It operates agriculture, supply chain and marketing activities in the three main consumer markets: Asia, North America and Europe.
Agrovision is a mission-driven business, seeking to transform lives while promoting sustainability.
The Company has also been recognized for its commitment to the environment, receiving one of the highest distinctions for the conservation and sustainable use of natural resources and biodiversity.
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