Cescon Barrieu advises on Algar Telecom’s debenture issuance
Cescon Barrieu advised the company and the underwriters on the sixteenth issuance of non-convertible debentures, in single series, for public offering, by Algar Telecom, pursant to CVM 160.
The underwriter of the offering was UBS BB Corretora de Câmbio, Títulos e Valores Mobiliários.
The proceeds from the offering, which totaled BRL 400 million, will be used to prepay the 1st series of the company’s 11th issuance of debentures, and the remaining funds will be used to reinforce the company’s cash flow.
Cescon Barrieu relied on partner Eduardo Kuhlmann Abrantes (pictured), associate Joana Vaz and intern Leticia Amaral.
In-house counsel list
UBS BB: Maria Eduarda Moraes
JGP Financial Advisory: Lívia Fogaça
Algar Telecom: Marcella Rezende.
