Mattos Filho advises acquisition financing between several companies

Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados advised on acquisition financing between several companies under a syndicated facility agreement

Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados advised on acquisition financing among several companies through a Syndicated Facility Agreement, entered into by and between Macquarie Bank Limited, ING Belgium SA/NV, Deutsche Bank AG, Sydney Branch and Shell Western Supply and Trading Limited, among others (lenders), and Karoon Petróleo e Gás Ltda (borrower).

The Facility Agreement funds will be used, by Karoon, for the development costs of the Patola oil field and the intervention campaign in relation to the Baúna and Piracaba oil fields, as well as the payment of other fees, costs and expenses and the financing of Karoon’s oil export activities.

The total value of the transaction was US$160 million.

Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados represented Deutsche Bank AG (Sydney Branch); ING Belgium SA/NV; Macquarie Bank Limited; Shell Western Supply and Trading Limited; Deutsche Bank AG (Singapore Branch); ING Bank NV and had partners Pablo Sorj, Giovani Loss and associates Yasmin Ferreira Tayar, Maria Eduarda de Skowronski Gomes.

Pinheiro Neto Advogados provided tax advice to Karoon on the Syndicated Facility Agreement and had partner Emir Oliveira.