Latest news with #financiamento
Bloomberg
01-07-2025
- Business
- Bloomberg
Higher Loan Rates in Brazil Threaten Tractor Sales Rebound
Brazil has raised interest rates on farm equipment financing, threatening to constrain a much-needed recovery in tractor sales. Borrowing costs under a key government credit line were boosted by 2 percentage points to as much as 13.5% a year, the Brazilian agriculture ministry said Tuesday. The move should have a 'downward bias' on domestic tractor sales projections, according to Pedro Oliveira, head of a farm equipment sector chamber at industry group Abimaq, which represents manufacturers including Deere & Co.
Yahoo
14-06-2025
- Business
- Yahoo
KEO World Launches WORKEO for Payments Between Companies and Transaction Financing
New solution integrates payment management and financing, with extended terms for suppliers and accelerated collections. MIAMI, FL / / June 14, 2025 / KEO World, a global leader in digital technology and innovation, announces its entry into the Brazilian market. The company, specialized in innovative and fully digital payment and financing solutions between companies, launches, in partnership with BTG Pactual, Workeo - a financing platform powered by artificial intelligence and with a payment core based on blockchain, transforming the global B2B payments and inventory financing market. Workeo's technology democratizes access to a platform that was previously restricted to large corporations, now available for companies of all sizes in Brazil. The solution facilitates transactions, making them safer and more efficient while establishing a new standard for financial accessibility and operational excellence. The launch comes at a strategic moment for the Brazilian market, where a significant portion of companies, especially medium-sized ones, still face difficulties accessing working capital credit essential for driving their businesses. According to studies from SEBRAE and data from CNDL/SPC Brazil, many of these companies continue to operate outside the traditional financial system - a reality also recognized by the Central Bank of Brazil. "The arrival in Brazil marks a strategic step for KEO World. Together with BTG Pactual, we combine cutting-edge technology with the financial solidity of one of the most respected institutions in Latin America. Together, we will expand access to working capital quickly, safely, and intelligently, driving the growth of thousands of Brazilian companies," highlights Paolo Fidanza, CEO and founder of KEO World. Through this partnership, KEO World and BTG Pactual Empresas offer a complete digital platform that covers all stages of B2B payments - from financing to transaction execution. The solution enables fast, secure, and transparent payments with financing options of up to 90 days per invoice, providing greater flexibility in cash flow and significant efficiency gains in financial operations. *Personalized digital experience* Unlike standardized solutions offered by traditional banks and fintechs, Workeo provides personalized digital credit lines with flexible use and automatic reuse, without hidden fees and with conditions tailored to each client's cash flow and profile. The platform also allows for global multi-currency inventory financing as well as real-time invoice settlement even when suppliers do not offer credit. The solution promotes cash flow optimization and increases companies' purchasing power by significantly reducing costs and eliminating inefficiencies by replacing manual processes with a 100% digital experience powered by artificial intelligence. "We are committed to offering innovative solutions that meet the real needs of Brazilian companies. The partnership with KEO World represents another significant technological advancement in our credit offering to entrepreneurs," states Gabriel Motomura, partner and co-head of BTG Pactual About KEO World Founded in 2020 and based in Miami, USA, KEO World has processed over $1 billion in revenue volume with direct clients and operates in markets such as the United States, Mexico, Canada, Colombia, and Peru. The company is recognized for its exclusive technology and customized solutions for B2B payments and digital inventory financing. Media Contact Organization: KEO WorldContact Person Name: Carlos MejiaWebsite: press@ Number: +13057338167City: MiamiState: FLCountry: United States SOURCE: KEO World View the original press release on ACCESS Newswire Sign in to access your portfolio
Associated Press
16-05-2025
- Business
- Associated Press
GOL secures $1.9 billion of 5-year exit financing
SíO PAULO, May 16, 2025 /PRNewswire/ -- GOL Linhas Aéreas Inteligentes S.A. (B3: GOLL4) ('Company' or 'GOL'), one of the leading airlines in Brazil, today announced that it has successfully secured binding commitments for US$1.90 billion in exit debt financing in connection with the Chapter 11 cases initiated by the Company and its subsidiaries, pursuant to the U.S. Bankruptcy Code, in the U.S. Bankruptcy Court for the Southern District of New York (the 'Exit Financing'). During the last six months, GOL has conducted a widely marketed process. Following the Bankruptcy Court's approval of the Company's backstop agreement with Castlelake, L.P. and Elliott Investment Management, L.P. (the 'Anchor Investors'), pursuant to which the Anchor Investors made commitments to purchase up to $1.25 billion of the Company's exit financing, the Company reached a settlement agreement with an ad hoc group (the 'Ad Hoc Group') of holders of 8.00% Senior Secured Notes due 2026 issued by Gol Finance (Luxembourg), pursuant to which the members of the Ad Hoc Group made commitments to purchase $125 million of the Company's $1.9 billion of exit financing notes. GOL needed to secure US$ 495.5 million in additional commitments to complete the Exit Financing and ultimately received commitments for US$ 796.9 million. Due to this demand, GOL reduced the interest rate of the Exit Financing from 14.625% to 14.375%. Moreover, the Company requested that the Ad Hoc Group agree to reduce its previously disclosed commitment of US$125 million by US$75 million, increasing the total amount available to other investors to US$ 570.5 million. The Ad Hoc Group also agreed to reduce its US$ 10 million 'Work Fee' to US$ 4.0 million. Pursuant to the Exit Financing commitment letters, the participating investors obligated themselves to purchase US$ 1.90 billion (excluding fees and costs paid) in debt instruments to be issued on the effective date of the restructuring plan in the Chapter 11 Cases (the 'Plan'). Subject to the Court's confirmation of the Plan, the Exit Financing will comprise: The Exit Financing will be used to repay the obligations under the debtor-in-possession financing entered into by the Company and its subsidiaries in connection with entry into the Chapter 11 Cases and to pay transaction costs. The financing will also enhance the Company's liquidity position following its emergence from the Chapter 11 Cases, providing working capital and other support for business operations moving forward. Advisors In the context of its restructuring efforts, GOL is working with Milbank LLP as legal advisor, Seabury Securities, LLC as investment banker, lead placement agent for the US$ 1.9 billion exit notes, financial advisor and sole restructuring advisor, BNP Paribas Securities Corp. as bookrunner (B&D) and placement agent for the exit notes, and AlixPartners, LLP as financial advisor. In addition, Lefosse Advogados acts as GOL's Brazilian legal advisor. Special note regarding forward-looking statements This material fact contains certain forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. The words 'will,' 'maintain', 'plans' and 'intends' and similar expressions, as they relate to GOL, are intended to identify forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. Undue reliance should not be placed on such statements. Forward-looking statements speak only for the date they are made. About GOL Linhas Aéreas Inteligentes S.A GOL is one of Brazil's leading airlines and is part of the Abra Group. Since it was founded in 2001, the company has had the lowest unit cost in Latin America, democratizing air transport with the aim of 'Being the First for All'. GOL has alliances with American Airlines and Air France-KLM and offers customers more than 60 codeshare and interline agreements, making connections to any place served by these partnerships more convenient and easier. GOL also has the Smiles loyalty program and GOLLOG for cargo transportation, which serves various regions in Brazil and abroad. The company has 14,5 thousand highly qualified professionals focused on safety, GOL's number one value, and operates a standardized fleet of 139 Boeing 737 aircraft. The Company's shares are traded on B3 (GOLL4). For further information, visit GOL Investor Relations [email protected] View original content to download multimedia: SOURCE GOL Linhas Aéreas Inteligentes S.A.
