MINNEAPOLIS, MINNESOTA, US — A credit facility supporting Ceres Global Ag Corp.’s regenerative agriculture program, which the company describes as a “key differentiator” connecting farmers with grain millers, has been amended to extend its maturity date two years to Feb. 3, 2027.

The credit facility is led by Macquarie Group, as administrative agent on behalf of a syndicate group of lenders, including Bank of Montreal and Cooperative Rabo Bank U.A. The amended credit facility is a sustainability-linked loan with a 0.08% interest rate deduction if Ceres Global achieves certain key performance indicators linked to the company’s regenerative agriculture initiatives. 

“This sustainability-linked loan is a validation of our OREGEN regenerative agriculture program, which is proving to be an important initiative that has enabled Ceres to forge strong relationships with farmers and deliver value to our miller customers,” said Blake Amundson, vice president and chief financial officer at Ceres Global. “This offering connects growers with the agronomic tools and regenerative agriculture processes that meet the increasing demand from millers for regen ag products. This has been a key differentiator for Ceres, enabling us to win supply agreements with some of the world’s leading grain millers.”

Ceres Global is a global agricultural, energy and industrial products merchandising and supply chain company operating 10 locations across Saskatchewan and Manitoba in Canada, and Minnesota in the United States. These facilities have an aggregate grain and oilseed storage capacity of about 29 million bushels. Ceres Global also owns membership interests in three agricultural joint ventures that have an aggregate grain and oilseed storage capacity of about 16 million bushels.

“We have been focused on enabling and facilitating connections across the supply chain through our OREGEN program,” said Jeff Wildeman, managing director of regenerative agriculture and origination at Ceres Global. “Understanding the needs of our mill customers, and ultimately the consumer packaged goods companies and retailers that they serve, has allowed us to deploy solutions at the farm that add value to both the miller and our grower partners.”

John Spillane, senior managing director in Macquarie’s Commodities and Global Markets business, said, “Ceres has emerged as a leader in regenerative agriculture, which is becoming an important part of the grain supply chain to meet consumer demand. Through this credit facility, we are pleased to support Ceres in its business growth and this important sustainability initiative.”