Lobo de Rizzo advises Saneatins on BRL450m bonds

Lobo de Rizzo has advised Companhia de Saneamento do Tocantins, known as Saneatins, on its fourth issuance of simple debentures, non-convertible into shares, of the unsecured type, in a single series, for public distribution under the automatic registration procedure set out in CVM 160. The transaction totaled BRL450 million.

The debentures were issued in a single series and distributed publicly to investors, following the automatic registration rite established under the Brazilian securities regulator’s framework. The proceeds are expected to support the company’s operations, though specific use of funds was not disclosed in the information provided.

Lobo de Rizzo’s team advising Saneatins was led by Gustavo Silveira Cunha, partner, together with associates João Victor Salomão Guimarães and Lorena Alves da Silva.

Machado Meyer acted as legal counsel to the coordinators of the offering. Its team included Raphael Zono, Mario Gomez Carrera Neto, Luana Fleming de Oliveira Conilho and Pedro Vanzelli de Souza.