Mattos Filho Advogados advised 3R Potiguar and 3R Petroleum Óleo e Gás and Tauil & Chequer Advogados associated with Mayer Brown advised Banco BTG Pactual, on the aspects of Brazilian and New York law, on a term sheet for structuring and issuing debentures by 3R Petroleum and 3R Potiguar, in the amount of US$ 500 million.
The operation was carried out with a firm placement guarantee. The resources obtained, together with the US$ 500 million financing already contracted with financial institutions led by Morgan Stanley, will be used to conclude the acquisition of the Potiguar Pole, an upstream (oil and gas producing fields) and mid & downstream (private use terminal, refinery, and tankage park) asset. The pole is currently owned and operated by Petrobras.
Mattos Filho Advogados relied on partners Pablo Sorj, Giovani Loss, Frederico Kerr Bullamah; associates Antonio Oliveira, Henrique Kasai and Enrico Piovaccari.
Milbank LLP also advised 3R Potiguar and 3R Petroleum Óleo e Gás.
In Brazil, the T&C team was led by partners Eduardo Lima, Alexandre R. Chequer and Tiago Macedo, and by counsel Anna Gouvea , and with the participation of associates Henrique Rojas, Theodoro Scott, and Camila Carvalho.
At Mayer Brown in New York, the team was led by partner Douglas Doetsch and counsel Daniel Whitmore.