Three firms act on BTG DIP financing for GVO

Stocche Forbes and FASV Advogados assisted Banco BTG Pactual in the structuring and implementation of two Debtor-in-Possession (DIP) financings, granted through secured commercial notes in the context of the judicial reorganization of Grupo Virgolino de Oliveira (GVO), which was advised by TWK Advogados.

The transaction value was BRL 135 million. The financings were designed to provide strategic liquidity to the group during its restructuring process, ensuring the payment of labor-related claims and tax obligations, as well as working capital support.

TWK Advogados relied on Joel Thomaz Bastos (pictured left), Adriana Maria Cruz Dias de Oliveira, Lais Nicole Luizetti, Isabella Pereira Camargo, Patrícia Fernandes da Silva and Pedro Ito Asbahr.

Stocche Forbes Advogados relied on partner Guilherme Gaspari Coelho (pictured right), Vilmar Lima Carreiro Filho and Victor Manso Roman, associates Bruno Melnick Fernandes, Juliana de Oliveira Delfino, Camila Manso, Thaila Maluf and Matheus Real.

FASV Advogados relied on Alexandre Faro (pictured right), Luita Vieira, Carolina Sando.

In-house counsel to Banco BTG Pactual: Fernando Magno, Marcos Assumpção, Marco Graccho, Camila Almeida, Luis Machado.