Mattos Filho advises 3R Petroleum on public offering

Mattos Filho Advogados advised 3R Petroleum Óleo e Gás S.A. on primary and secondary public offering

Primary and secondary public offering of common shares issued by 3R Petroleum Óleo e Gás S.A., with restricted placement efforts, according to the CVM Instruction 476.

The company issued 36,500,000 registered, book-entry common shares with no par value, all free and clear of any liens or encumbrances, and the selling shareholders sold 7,300,000 registered, book-entry common shares with no par value.

The restricted offering also included the placement of an additional 29,200,000 shares issued by the company due to excess demand. The total value of the offering was R$2.409 billion.

The primary net proceeds from the offering will be used to finance ongoing asset acquisitions, such as the Potiguar Basin, while the proceeds from the Secondary Offering will be fully allocated to the selling shareholders.

Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados had partners Vanessa Fiusa (pictured left), Giovani Loss (pictured right) and associates Ralff Barilli, Yasmin Karam Tomaino and Juliana Smith de Berredo on advising of 3R Petroleum Óleo e Gás S.A.

Milbank LLP also represented the same party with Tobias Stirnberg, Lays Lima Dutra e Arthur Dalmarco

The underwriters Banco Itaú BBA S.A., Banco BTG Pactual S.A., Banco Safra S.A., Banco UBS Pactual S.A., XP Investimentos Corretora de Cambio, Títulos e Valores Mobiliários S.A., Banco ABC Brasil S.A., Genial Investimentos Corretora de Valores Mobiliarios S.A. was represented by Barbosa, Müssnich Aragão Advogados with partners Camila Goldberg, Felipe Prado and associates Ellen Juste Nunez, Julia Rosa Barbosa Alves Rodrigues, Alexandre Lindenberg, Luís Eduardo Al-Contar, Caroline Venutolo, Julia Zarth, Juliana Turini, Fernanda Gobbo, Nathália Costa Leite e Gabriela Parente Rodrigues Mansor Guarçoni.

Simpson Thacher & Bartlett LLP represented the same parties and relied on lawyers Grenfel Calheiros, Paulo Cardoso, Siddharth Fresa and Julia Pinheiro.