Stocche Forbes and Lefosse on Eletronorte’s BRL 2bn issuance
Stocche Forbes advised Centrais Elétricas do Norte do Brasil – Eletronorte on the public offering of its 7th issuance of debentures, with fiscal incentives under Brazilian Federal Law No. 12,431/2011, in the total amount of BRL 2 billion, backed by a corporate guarantee by Centrais Elétricas Brasileiras – Eletrobras, its sole shareholder.
Lefosse advised Itaú BBA Assessoria Financeira; Banco Bradesco BBI; Banco Safra; Banco Santander (Brasil); Banco Votorantim; BTG Pactual Investment Banking; UBS BB Corretora de Câmbio, Títulos e Valores Mobiliários; and XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários.
The proceeds from the issuance shall be destined for the future payment or reimbursement of expenses, costs, or indebtedness related to the implementation of energy transmission projects.
Stocche Forbes relied on partners Frederico Moura, Mariana Saragoça, Thadeus Bretas, Laercio Munechika, Diego Paixão, Yves Dutra, Frederico Accon (pictured from left to right); associates Gabriel Ramalho, Isabela Pochini, Mariana Pinho, Normando Gois.
Lefosse advised the underwriters and relied on partners Ricardo Prado, Pedro Cruciol, associates Luis Bruno, Juliana Rabischoffsky.
In-house counsel list:
Eletronorte: Patricia Cerqueira Vidal, Mariana de Mello Vaz Albuquerque and Isabella Rodriguez
Itaú BBA: Luana Damasceno
Banco Bradesco BBI: Renata Machida, Pedro Soler Alcantara, Bianca Rodrigues Santos and Flávia de Andrade
Banco Safra: Felipe Barbosa, Isadora Chaves, Ryan Bezerra and Marielli Boer
Banco Santander (Brasil): Caio Ramos Penitente;
Banco Votorantim: Alexandre Poppi and Artur Boaretto
BTG Pactual Investment Banking: Felipe Andreu, Izabel Siqueira, Gabriela Trevisan, Matheus Borghi, Carolina Sequeira and Fernando Silva
UBS BB Corretora de Câmbio, Títulos e Valores Mobiliários: Ricardo Siciliano and Tamara Oliveira;
XP Investimentos: Luiza Trindade and Pedro Barbosa.
