Pinheiro Guimarães advises SPIC Brasil on loans

Deutsche Bank AG, Singapore Branch, extended two external credit facilities to subsidiaries of SPIC Brasil Energia Participações S.A.: approximately CNH1.1 billion (equivalent to approximately BRL805 million) to Marangatu Holding S.A., and approximately CNH300 million (equivalent to approximately BRL215 million) to Panati Holding S.A. The facilities are secured by fiduciary assignment of receivables, fiduciary transfer of equipment, fiduciary transfer of shares, and parent guarantees provided by the controlling shareholders.

Pinheiro Guimarães acted as Brazilian deal counsel to SPIC Brasil Energia Participações S.A. and Deutsche Bank. The firm’s team was led by partners Luiza Furtado de Vasconcellos (pictured left) and Francisco José Pinheiro Guimarães (pictured right), supported by associates Janilson Oliveira de Baptista Vaz and Murilo Begha.

Gibson Dunn advised Deutsche Bank on Singapore law matters.

Grandall Zimmern advised SPIC Brasil on Singapore law matters.