Cescon Barrieu advises Inpasa on BRL500m debentures
Cescon Barrieu advised Banco Santander (Brasil), as lead underwriter, and Inpasa Agroindustrial, as issuer, on the latter’s seventh issuance of simple, unsecured debentures, not convertible into shares, carrying an additional personal guarantee and distributed in a single series. The offering, totaled BRL 500 million and was structured by CVM 160, targeting professional investors.
The debentures were issued with an additional guarantee granted by Jol Investimentos e Participações, acting as guarantor in the transaction. Inpasa Agroindustrial operates as a corn ethanol producer in Brazil, and the offering involved incentivized debentures, a structure that provides tax benefits to investors and forms part of the issuer’s ongoing fundraising activity in the capital markets.
The Cescon Barrieu team was led by partners Lucas Padilha and Ravel Tambuque Carvalho, supported by associates Breno Cavalheiro and Karina Figueiredo.
