Machado Meyer advises Unidas on BRL900m debentures

Machado Meyer advised Unidas Locações e Serviços on its 23rd issuance of debentures, a non-convertible, unsecured offering backed by a fiduciary guarantee, carried out in a single series for a total amount of BRL 900 million. The transaction was structured as a public distribution under the automatic registration procedure set out in CVM 160.

The debentures were issued by Unidas Locações e Serviços, part of the automobile and parts sector, with UBS BB Corretora de Câmbio, Títulos e Valores Mobiliários acting as lead arranger of the offering. Unidas Locadora also featured among the parties advised by the firm in connection with the transaction, while Pentágono Distribuidora de Títulos e Valores Mobiliários was involved as another party to the deal. The operation is domestic, with all parties incorporated in Brazil, and the work has been concluded.

Machado Meyer acted as deal counsel, assisting Unidas Locações e Serviços, as issuer, and UBS BB Corretora de Câmbio, Títulos e Valores Mobiliários, as lead arranger, in the preparation, review and negotiation of the offering documents. The work was led by partner Wagner Eustaquio Duarte Junior (pictured), with support from lawyers Fernanda Marques Ribeiro and Pedro Henrique Resende Pedroso.