Davis Polk advised Raízen Fuels Finance, as issuer, and Raízen Combustiveis and Raízen Energia, as guarantors, on a $500 million offering by Raízen Fuels.
The 5.300% senior notes are due 2027 and were issued pursuant to Rule 144A and Regulation S under the Securities Act.
Raízen is a joint venture between Cosan and Shell. Raízen Combustíveis is primarily engaged in the distribution and sale of ethanol and other fuels and in the sale and import and export of natural gas, automotive lubricants and other products. Raízen Energia focuses on the production and sale of sugar and ethanol and cogeneration of electricity.
Partners Manuel Garciadiaz and Michael Farber led the Davis Polk team which included lawyers in the firm´s São Paulo and New York offices.