Lavoro (US:LVRO) Newsfilter·2024-08-03 00:15Core Viewpoint - Lavoro Limited has established a new R$310 million (approximately USD$55 million) credit facility to support its working capital needs and general corporate purposes, marking a significant step in optimizing its capital structure and supporting long-term growth plans [1][2][3]. Group 1: Financial Developments - The new credit facility has a three-year term and is financed through a newly established Agribusiness Credit Rights Investment Fund (FIDC-Fiagro) [1][2]. - This facility is Lavoro's second FIDC-Fiagro, following the inaugural R$160 million facility established in 2022 [2]. - The issuance is split into two series maturing in July 2027 and is managed by Kanastra Administração de Recursos, with Itaú BBA as the lead coordinator [3]. Group 2: Company Overview - Lavoro Limited is the largest agricultural inputs retailer in Brazil and a leading producer of agricultural biological products, listed on the Nasdaq under the tickers "LVRO" and "LVROW" [4]. - The company serves 72,000 customers across Brazil, Colombia, and Uruguay, supported by over 1,000 technical sales representatives and a network of over 210 retail locations [4]. - Lavoro empowers small and medium-sized farmers by providing access to the latest agricultural technologies and agronomic recommendations throughout the crop cycle [4].