Lavoro Announces New R$310 Million 3-Year FIDC-Fiagro Credit Facility

Core 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 [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] - Since its founding in 2017, Lavoro has focused on empowering small and medium-sized farmers by providing access to emerging agricultural technologies [4]