Rice processor and logistics company seeks to reduce debt and acquire working capital
Lima, PERU - February 1, 2021
With over 1,100 employees, 3 rice processing plants, and a logistics subsidiary with presence throughout the country, the largest rice processor in Peru engages Excend to manage a process to obtain new capital with the intent to reduce its overall debt load and to provide working capital for ongoing expansion and diversification of its operations.
While financial performance and ratios continue to be strong and within industry norms, the company has prudently decided to pursue a new capital injection to further enhance both its short and long-term entity-level stability and risk profile
Excend provides investment banking services to middle market organizations.