Cescon Barrieu advises Socicam on debentures issuance
Cescon Barrieu advised XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários, acting as lead coordinator, and Socicam Administração, Projetos e Representações, as issuer, on the second issuance of simple, non-convertible debentures secured by real and additional surety guarantees.
The offering, was carried out in a single series under a firm placement regime, distributed publicly through the automatic registration procedure without prior analysis, and was restricted to professional investors under CVM 160. The total amount raised was BRL 100 million.
The notes were backed by a fiduciary guarantee granted by certain Socicam group companies and individual guarantors, a fiduciary assignment of receivables and escrow accounts, and a fiduciary transfer of shares issued by Termini. The collateral tied to the receivables assignment and the share transfer was structured on a shared basis with Socicam’s first debenture issuance and with a separate debenture issuance by Termini.
The Cescon Barrieu team was led by partners Lucas Padilha and Ravel Tambuque Carvalho, with associates Breno Cavalheiro, Karina Figueiredo and João Augusto Santos.
