Macfarlanes advises Magnesita Refractários S.A. on a receivables purchase programme

Macfarlanes has advised publically-listed Brazilian refractory company Magnesita Refractários S.A. on a $54.3m receivables purchase programme established by Banco Santander, S.A. in respect of Magnesita’s trade receivables arising from its refractory solutions businesses.

The Macfarlanes team has been involved in the transaction from the start and assisted Magnesita with the development of the term sheet and the structure of the deal. The Macfarlanes team for this matter was led by finance partner Richard Fletcher with assistance from finance solicitor Chris Barrett.

Livia Mariz Junqueira, Legal Director & Head of Global Corporate Insurance and Risk Management comments: "Macfarlanes have provided flawless technical support, a very practical point of view and have been a real business partner".

"Macfarlanes have provided flawless technical support, a very practical point of view and have been a real business partner".