Pinheiro Neto assists underwriters in debenture issue by Aché
Pinheiro Neto Advogados advised lead underwriter Banco Itau BBA S.A. and underwriter UBS Brasil Corretora de Câmbio, Títulos e Valores Mobiliários S.A. on debentures issued by Aché Laboratórios Farmacêuticos S.A.
The operation was the first issue of simple debentures, not convertible into shares, in a single series, without guarantee, for public distribution, with restricted placement efforts, of Aché Laboratórios Farmacêuticos S.A., pursuant to CVM Instruction 476.
The issue amount was R$400 million and had Banco Itau BBA S.A. as lead underwriter and underwriter UBS Brasil Corretora de Câmbio, Títulos e Valores Mobiliários S.A, trustee Oliveira Trust Distribuidora de Títulos e Valores Mobiliários S. A. and Banco Bradesco S.A. (Settlement and Bookkeeping Bank).
The funds raised through the issue were intended for the ordinary management of the Company’s business, and this was Aché’s first DCM transaction.
Pinheiro Neto relied on partner José Carlos Junqueira Sampaio Meirelles (pictured), lawyer Marcos Saldanha Proença, associate Renata G. Barbosa Corrêa, and legal assistants Victoria Helena S. de Araújo and Luisa Reis Lopes Correia.
