Cescon Barrieu advises NTS on BRL1.04bn debentures

Cescon Barrieu advised Nova Transportadora do Sudeste (NTS) and underwriter BTG Pactual Investment Banking on NTS’s 13th issuance of debentures, which raised BRL1.04 billion in the Brazilian capital markets. The proceeds will be used to reprofile financial debt and strengthen the company’s cash position.

The transaction involved simple, non-convertible, unsecured debentures issued in a single series for public offering. It was carried out under the automatic registration procedure and was directed at professional investors, in line with CVM 160. BTG Pactual Investment Banking acted as underwriter. Fitch Ratings had assigned a AAA(bra) rating to the proposed issuance.

The offering was completed in less than one month, which required close coordination to meet the timetable. Cescon Barrieu acted for both the issuer and the offering’s lead coordinator and relied on partner Eduardo Kuhlmann Abrantes, with associates Isabella Ali Pontual Braga, Joana Vaz and Luiz Gustavo Moura.