updated 4/11/2011 4:17:52 PM ET 2011-04-11T20:17:52

NEW YORK, April 11, 2011 (GLOBE NEWSWIRE) -- INTL FCStone Inc. (Nasdaq:INTL) today announced that its corporate finance division, INTL Provident Group, arranged a US$70.0 million secured export finance facility, a two-year, two-tranche amortizing term loan for its customer, Brazilian sugar and ethanol processor Sao Fernando Acucar e Alcool.

INTL Provident Group served as the mandated lead arrangers and bookrunner. The term loan, with a final maturity of December 2012, has a repayment schedule matching the Sao Fernando's sugar exports schedule of April to December.

Steve Carlson, CEO of INTL Provident Group, said, "With one of the fastest growing economies in the world, and their role in the commodity sector, Brazil represents a tremendous opportunity for INTL Provident Group. We were delighted to play a role in helping a company of Sao Fernando's stature secure financing for their operations."

"We are pleased with the syndication and the demand around the credit. The original deal was upsized from US$60.0 million to US$70.0 million with the participation of six banks," said Ana Firmato, Managing Director in Brazil of Structured Trade & Commodity Finance for INTL Provident Group.

Rubens Camara, CFO of Sao Fernando's shareholder Grupo Bertin, said, "Sao Fernando's debut in the syndicated loan market makes it possible for the company to reach out for different funding options. This financial facility will be used to improve our capital structure and provide working capital necessary for growth. The company plans to access the export financing market once again this year."

Sao Fernando, one of Brazil's state-of-the-art sugar cane crushers and ethanol producers, is located in Dourados, Mato Grosso do Sul and is owned, equally, by Heber Participacoes S.A. (Grupo Bertin) and Sao Marcos Energia e Participacoes Ltda.

About INTL FCStone Inc.

INTL FCStone Inc. provides execution and advisory services in commodities, currencies and international securities. INTL FCStone's businesses, which include the commodities advisory and transaction execution firm FCStone Group, serve more than 10,000 commercial customers in more than 100 countries through a network of offices in eleven countries around the world. Further information on INTL FCStone Inc. is available at www.intlfcstone.com.

Forward Looking Statements

This press release includes forward-looking statements including statements regarding the combined company. All statements other than statements of current or historical fact contained in this press release are forward-looking statements. The words "believe," "expect," "anticipate," "should," "plan," "will," "may," "could," "intend," "estimate," "predict," "potential," "continue" or the negative of these terms and similar expressions, as they relate to INTL FCStone Inc., are intended to identify forward-looking statements.

These forward-looking statements are based largely on current expectations and projections about future events and financial trends that may affect the financial condition, results of operations, business strategy and financial needs of the combined company. They can be affected by inaccurate assumptions, including the risks, uncertainties and assumptions described in the filings made by INTL FCStone Inc. with the Securities and Exchange Commission. In light of these risks, uncertainties and assumptions, the forward-looking statements in this press release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements. When you consider these forward-looking statements, you should keep in mind these risk factors and other cautionary statements in this press release.

These forward-looking statements speak only as of the date of this press release. INTL FCStone Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Accordingly, readers are cautioned not to place undue reliance on these forward-looking statements.

         Bill Dunaway

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


Discussion comments


Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
Cash Back Cards 17.80%
Rewards Cards 17.18%
Source: Bankrate.com