Cescon Barrieu advises Gransol on debentures issue

Cescon Barrieu Advogados advised Gransol Terminais Marístimos S.A in the first issue of senior debentures

The transaction is the 1st issue of senior secured non-convertible debentures, in a single series, for public distribution with restricted placement efforts, of Gransol Terminais Marístimos S.A., in the total amount of BRL 152,000,000.00. The shareholders also entered into an Asset Backing Agreement to cover potential cost overruns.

UBS Brasil Corretora de Câmbio, Títulos e Valores Mobiliários S.A. was the main underwriter of the offering.

Part of the funds raised by Gransol will be destined to future payments and/or reimbursement of expenses or debts and/or amortization of short-term financing related to the implementation project of a sorting yard, unloading silos, dispatch and export corridor for ships, considering the construction and operation of a terminal for reception, storage of solid granaries of vegetable origin, contemplating road modal for such granaries and dispatch through the export corridor of the Port Administration of Paranaguá and Antonina – APPA.

Cescon Barrieu had a team formed by partners Daniel Laudisio (pictured left) and Rafael Baleroni (pictured right), associates Alexandra Telles Costa and Dimitrios Constantinos Constantelos, legal assistant Ana Beatriz Borges and interns Bianca Gomes and Gustavo Sauma.

Machado Meyer was underwriter’s lawyer (UBS BB).