Demarest advises on BOAB’s first commercial note issue

Demarest acted as deal counsel, advising Bloco de Onze Aeroportos do Brasil- BOAB, Aena´s Brazilian subsidiary, and Deutsche Bank, as lead underwriter, on BOAB´s first issuance of commercial notes in the amount of BRL 570 million.

The commercial notes were subject to public distribution, under the automatic distribution registration process, as per CVM 160 Regulation.

The funds raised will be destinated for investments in the operation of eleven airports located in São Paulo, Mato Grosso do Sul, Minas Gerais and Pará Brazilian states, in line with the airport infrastructure expansion and modernization plan led by BOAB.

Demarest relied on partners Marina Aidar (pictured left), Bruno Aurelio (pictured right); associates Bruno Alderighi Cavalcanti, Karina Melo.