Davis Polk advises banks on debt issuances by Atento, JBS and Santander
Davis Polk & Wardwell has advised purchasers on a series of debt offerings across Latin America by business process outsourcing company Atento, meat processing company JBS and by Banco Santander Chile in Switzerland.
The law firm advised the initial purchasers in connection with a reopening by Atento Luxco of a $100 million aggregate principal amount of its 6.125 per cent senior secured notes due 2022.
The notes are unconditionally and irrevocably guaranteed by business process outsourcing company Atento S.A., the parent company of Atento Luxco, and certain of its subsidiaries.
Atento operates in Argentina, Brazil, Chile, Colombia, El Salvador, Guatemala, Mexico, Morocco, Panama, Peru, Puerto Rico, Spain, the US and Uruguay.
The Davis Polk corporate team included Manuel Garciadiaz, Lourenco Lopes-Sabino and Richard Corbett. The credit team included Sanders Witkow. The tax team included Mario J. Verdolini and M. Jared Sanders. The lawyers on the team are based in the São Paulo and New York offices.
The law firm also advised the initial purchasers in connection with a $500 million offering of 7.000 per cent senior notes due 2026 by JBS Investments II GmbH, an additional issuance of the company’s 7.000% senior notes due 2026, issued on October 26, 2018. Headquartered in Brazil, JBS is one of the world’s largest beef, pork and lamb processing companies.
The Davis Polk corporate team included Manuel Garciadiaz, Drew Glover and Richard Corbett. The tax team included Po Sit, Joseph Jarashow and Rebecca A. Rosen, and who are based in the São Paulo, New York and Northern California offices.
In a separate transaction, Davis Polk advised Banco Santander Chile in connection with its Regulation S offering in Switzerland of CHF150 million ($150.1 million) aggregate principal amount of 0.384 per cent fixed-rate notes due 2024.
UBS AG, Zürcher Kantonalbank and Bank J. Safra Sarasin were the initial purchasers for the offering.
Davis Polk’s team of capital markets and tax lawyers led by Nicholas A. Kronfeld from New York advised on this deal.
