Cescon Barrieu advises SABESP on debenture issue

Cescon Barrieu Advogados advised Companhia de Saneamento Básico do Estado de São Paulo – SABESP on debenture issue

Cescon Barrieu Advogados advised Companhia de Saneamento Básico do Estado de São Paulo – SABESP on its 29th issue of simple, non-convertible, unsecured debentures, in three series, in the total amount of R$1.250 billion, for public distribution in accordance with CVM Instruction No. 400.

The offering was carried out with XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários S.A., Itaú Unibanco S.A. and UBS Brasil Corretora de Câmbio, Títulos e Valores Mobiliários S.A. acting as underwriters. The funds raised through the issue of the First Series Debentures will be used to refinance its maturing financial commitments and to replenish the company’s cash position.

The funds raised through the issue of the Second and Third Series Debentures will be used for the reinvestment of costs incurred in connection with infrastructure projects.

Cescon Barrieu had partners Alexandre Gossn Barreto (pictured left), Igor Rego (pictured center), and Júlia Barreto Lobo Dutra (pictured right); associate Yane Pitangueira Dantas, interns Lucas Sonagere Maior de Oliveira and Isadora Bartolozzi Moreira.                   

The Lobo de Rizzo office advised the Underwriters XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários S.A., Itaú Unibanco S.A. and UBS Brasil Corretora de Câmbio, Títulos e Valores Mobiliários S.A., and relied on partner Fabrizio Sasdelli and lawyers André Bedim, Lara Magalhães e Matheus Borghi.