Pinheiro Neto advises on Boticário’s BRL 2 bn debenture issuance
Pinheiro Neto Advogados acted as deal counsel on the 14th issuance of non-convertible debentures, unsecured, with additional fidejussory guarantee granted by Boticário Produtos de Beleza, in the amount of BRL 2 billion, divided into three tranches, each with different tenors and spreads over the DI Rate.
The 1st and 2nd tranches are sustainability-linked debentures with ESG KPIs and step-up mechanisms, while the 3rd tranche is issued under the Eco Invest Brasil Program to finance a new sustainable industrial plant in Brazil.
Pinheiro Neto advised Itaú BBA Assessoria Financeira (lead underwriter) and Cálamo Distribuidora de Produtos de Beleza (issuer) and relied on partners Leonardo Baptista Rodrigues Cruz, Luiz Felipe Fleury Vaz Guimarães (pictured right); senior associate Paula Rodrigues, legal assistant Raissa Sena Barbosa, and legal intern Sophia Helena Queirós de Assis e Silva.
