Demarest advises on Conecta Campinas’ debenture issuance
Demarest advised Concessionária de Iluminação Pública Conecta Campinas on the structuring and implementation of its 2nd issuance of debentures, non-convertible into shares, in three series, being: 60,000 debentures of the 1st series; 40,000 debentures of the 2nd series; and 23,336 debentures of the 3rd series, amounting to BRL 123,336,000.00.
The offering were conducted pursuant to CVM 160, targeting only professional investors.
The funds raised by Conecta Campinas through the issuance will be used exclusively for the implementation of public illumination project (expansion and/or modernization phase of the concession) in the city of Campinas, state of São Paulo, pursuant to Law 12,431 and as indicated in the debentures’ indenture. Ativa Investimentos Corretora de Títulos, Cambio e Valores acted as underwriter of the offering, which was placed under the best placement efforts regime.
Demarest relied on lead partners Bruno Aurelio (pictured left), Leticia Galdino Wanderley (pictured center), partners Julia Lobo, Renan Sona, associate Maria Fernanda Archangelo.
Machado Meyer advised RBR Asset Management, as investor in the debentures, and to Ativa, as lead coordinator of the offering and relied on lead partner Raphael Oliveira Zono (pictured right), associate Mario Gomez Carrera.
