Cescon Barrieu advises GASMIG on the issue of debentures
Cescon Barrieu advised Companhia de Gás de Minas Gerais – GASMIG and Banco Votorantim on the 9th issuance of simple non-convertible unsecured debentures, in a single series, for public distribution by the Issuer, in the total amount of BRL 200 million, pursuant to CVM 160.
The issuer is the exclusive distributor of piped gas throughout the territory of Minas Gerais. The issuer, a publicly traded company under the indirect control of the State of Minas Gerais, registered in category “B” at CVM, has a Long-Term National Rating of “AA+(bra)”, a classification made on August 7, 2023, by Fitch Ratings.
The offer represents another important step for the company’s capitalization, which seeks to strengthen its financial and operational position in the gas sector. Additionally, the offer involved reconciling the interests of all parties involved, prioritizing technical excellence and legally appropriate solutions to the challenges encountered.
Cescon Barrieu relied on partner Marcelo Martins Moura (pictured); associates Vittoria Simoni, Bruno Camargos and interns Luiz Moura and Pedro Cichello.
In-house counsel list
Banco Votorantim: Alexandre Poppi and Daniel Bello Uvo
GASMIG: Sandra Alves and André Deschamps Madeira.
