Cescon Barrieu and Stocche Forbes act in BRL 1bn debenture issue by VLI

Cescon Barrieu Advogados advised VLI Multimodal S.A.; Stocche Forbes Advogados advised the underwriters

Cescon Barrieu Advogados advised VLI Multimodal S.A., in its 3rd issue of simple debentures, not convertible into shares, with additional personal guarantee of VLI S.A., in a single series, for public distribution with restricted distribution efforts, in the total amount of R$ 1 billion.

The offer was made with Banco Itaú BBA S.A., UBS Brasil Corretora de Câmbio, Títulos e Valores Mobiliários S.A. and Banco BTG Pactual S.A. acting as underwriters, represented by Stocche forbes Advogados.

The debentures will have the tax benefits provided for in Law No. 12,431, of June 24, 2011, since the proceeds from the offering will be used to reimburse the costs incurred with the infrastructure project of the Company’s subsidiary, Ferrovia Centro Atlântica S.A.

The issue represents the Company’s largest debenture issue and the differential of the offer is that the debentures are qualified as “incentivized”, which guarantees tax benefits for investors. The funds from the issue will be allocated exclusively to the investment project of the Company’s subsidiary in the logistics sector. In addition, the issue was implemented within the timeframe required by the Company’s schedule with the conciliation of interests of all parties involved, valuing technical excellence and the appropriate legal solution for the challenges encountered.

Cescon Barrieu assisted the company and relied on partner Alice Fulgêncio Brandão (pictured left) and associates Davi Souza Marques and Isabella Gonçalves Correira Neves, and intern Karina Figueiredo Rodrigues.

Stocche Forbes assisted the underwriters, Banco Itaú BBA S.A. (Lead Coordinator), and UBS Brasil Corretora de Câmbio, Títulos e Valores Mobiliários S.A. and Banco BTG Pactual S.A. and relied on partner Frederico Moura (pictured right) and associates Leticia Rabello, Paula Lyrio and Caio Morais.