CGM and Lefosse advise on Dufrio’s public offering of debentures

CGM Advogados acted as legal advisor to Refrigeração Dufrio Comércio e Importação (Dufrio) in structuring and conducting the public offering of the company’s third debenture issue, issued in September 2025, in the amount of BRL 120 million, and registered with B3 under the code DUFR13.

Lefosse acted as legal advisor to the coordinating banks in the offering. The transaction, with a maturity of five years, provides for the refinancing of the previous debt through greater funding and lower rates, thus aiming to redeem the company’s first issue of debentures and strengthen its cash position.

Banco Votorantim acted as lead coordinator of the public offering, with UBS BB Corretora de Câmbio, Títulos e Valores Mobiliários also acting as coordinator of the offering. The trustee for the transaction was Pentágono Distribuidora de Títulos e Valores Mobiliários.

CGM Advogados relied on partners Luiz Rafael de Vargas Maluf (pictured left), Valéria Kasabkojian Schramm (pictured center), associates Marcus Gonçalves Mingoni.

Lefosse relied on partner Bruno Massis (pictured right), associate Marcela Venturacci, and trainees
Pedro Toledo and Gustavo Marçal.

In-house counsel list

Dufrio: Patricia Nakamura and Cristina do Nascimento

Banco Votorantim: Artur Boaretto

UBS BB: Rafael Doratioto.