Stocche and Cescon – deal Eletrobras

Stocche Forbes and Cescon Barrieu act on Eletrobrás issue

Stocche Forbes and Cescon Barrieu advised on the 4th issuance of debentures issued by Centrais Elétricas Brasileiras – Eletrobras, pursuant to CVM 160, in the total amount of BRL 7 billion on the issuance date, which BRL 4 billion is in relation to the first series of debentures and BRL 3 billion is in relation to the second series of debentures, as amended.

The net funds raised by the company through the issuance of the first series debentures will be used exclusively to reimburse expenses in connection to the implementation of investment projects related to the payment of bonuses for the grants of certain hydroelectric power plants, owned by subsidiaries of the company.

The net proceeds raised of the second series debentures will be used for the ordinary management of the company’s operations, in accordance with the framework developed by the company.

Stocche Forbes Advogados advised the issuer and relied on partners Frederico Moura, Alessandra Zequi, Daphne Minerbo (pictured top from left to right); associates Eduardo Pereira, Ana Flávia Chaves, Bernardo Flecha de Lima da Cunha Pereira, Gabriel Principe, Lucas Mamedes, Pedro Miranda Gomes, Rafael Jubilut Bilton and intern Luiza Lazaretti.

Cescon Barrieu advised the underwriters and relied on partners Daniel Laudisio (pictured bottom left), Mariana Borges (pictured bottom right); associates Dimitrios Constantelos, Vittoria Simoni, Marina Souza, Isabela Moraes and intern João Pedro Gaspar.

In-house counsel:

BTG Pactual Investment Banking – Felipe Andreu, Izabel Siqueira, Gabriela Trevisa, Isabella Roque and Matheus Borghi

Banco Bradesco BBI – Rodrigo Mamede, Renata Machida, Juliana Figueiredo and Pedro Soler.

UBS Brasil Corretora de Câmbio, Títulos e Valores Mobiliários – Ricardo Siciliano and Edson Massuda.

Banco Santander (Brasil) – Paula Bendit David and Vanessa Azambuja.