Paul Hastings acted for CEMIG (Companhia Energética de Minas Gerais) on its $1 billion inaugural international bond offering.
CEMIG is the largest integrated electricity group in Brazil and this bond offering marks an important step for the company as it executes its plan to improve its capital structure and diversify its sources of financing.
The notes are being issued pursuant to Rule 144A and Regulation S. Bradesco BBI, Citigroup, Deutsche Bank Securities and Itaú BBA acted as underwriters.
Paul Hastings also represented CEMIG on its SEC filings and other corporate and regulatory matters.
Partners Steven Sandretto, Taisa Markus and Mike Fitzgerald led the team advising CEMIG.