Sao martinho - Investor Relations Mobile



BNDES approves financing of R$ 288.6 million for the expansion of Usina Boa Vista S.A.

São Paulo, December 21, 2009 - São Martinho S.A. (Bovespa: SMTO3; Reuters: SMTO3 SA and Bloomberg: SMTO3 BZ), hereby announces that the Executive Board of the Brazilian Development Bank (“BNDES”) approved a long-term financing package for the expansion of Usina Boa Vista S.A.

The loan, totaling R$ 288.6 million, is for nine years, comprising seven years of amortization and a two-year grace period. The average weighted cost of the R$ 115.1 million tranche will be the long-term interest (“TJLP”) + 3.24% p.a.; the average weighted cost of the R$ 129 million tranche will be 4.68% p.a. (fixed); and the average weighted cost of the R$ 44.5 million tranche will be the exchange variation + 3.1% p.a.

By September 2009, the São Martinho group had already invested R$ 120 million of the total approved by the BNDES.


João Carvalho do Val

Chief Financial and Investor Relations Officer

Felipe Vicchiato

Investor Relation Manager

Telephone: 55 11 2105-4100


IR Website:

About São Martinho

The São Martinho group is among Brazil‘s largest sugar-ethanol groups and will process 13 million tonnes of sugarcane in the current harvest, resulting in around 720,000 tonnes of sugar, 602 million liters of ethanol and 150,000 MWh of electricity. It has three plants in operation: São Martinho, in Pradópolis (Ribeirão Preto region, SP); Iracema, in Iracemópolis (Limeira region, SP); and Boa Vista (Quirinópolis, 300 km from Goiânia, GO), in addition to Omtek, which produces ribonucleic acid, also in Iracemópolis. The average mechanization level is 82%, reaching 100% at the Boa Vista plant. For further information, go to clique aqui.