Cescon Barrieu and Machado Meyer act on financing to SABESP
Cescon Barrieu advised SABESP on the structured financing in the amount of BRL 1 billion, offered by International Finance Corporation – IFC, a member of the World Bank Group, to Companhia de Saneamento Básico do Estado de São Paulo – SABESP. Machado Meyer acted as legal advisor to IFC.
The financing is linked to annual social goals, which characterizes it as a Sustainability-Linked Loan. The loan will finance investments in basic sanitation infrastructure in the Metropolitan Region of São Paulo, made and to be made during the years 2021 to 2025, linked to the Novo Rio Pinheiros program, aimed at expanding the sanitary sewage network and improving the water quality of the Pinheiros River in the city of São Paulo.
Cescon Barrieu advised SABESP and relied on partners Alexandre Gossn Barreto (pictured left), Julia Barreto Lobo Dutra (pictured center- left); associates Amanda Sobreira Arêas and Isadora Bartolozzi Moreira.
Machado Meyer advised International Finance Corporation – IFC and relied on partners Jose Prado (pictured center-right), Pedro Henrique Jardim (pictured right) and lawyers Leticia Sobrinho de Aguiar, Guilherme de Faria Nicastro, Carolina Mascarenhas.
Becker, Glynn, Muffly, Chassin & Hosinski LLP represented the same partie (NY law matters).
Clifford Chance LLP – borrower’s counsel as to NY law matters.
