Louis Dreyfus owner pledges her stake as collateral in $1 billion Credit Suisse loan: filing

) last year to buy out minority shareholders of Louis Dreyfus Company and pledged her majority stake in the commodities trader as collateral, a company filing showed.

Margarita Louis-Dreyfus, who assumed control of the 169-year-old trading house in 2009 on the death of her husband Robert, sought the loan as the trading firm was trying to settle the costly buyout of minorities and revive flagging profits. An annual filing by Akira B.V., which represents the family trust headed by Margarita Louis-Dreyfus, said it had borrowed $1.03 billion from Credit Suisse Ltd on or about Jan. 25, 2019.

Dividends have offered some leverage for Margarita Louis-Dreyfus and LDC disclosed in its interim results that it had paid its biggest dividend in five years in 2019.

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