TozziniFreire assisted, as deal counsel, BTG, as holder of the commercial notes, and Faro Holding, as issuer, to structure and draft all documents related to the first issuance of commercial notes of the issue, in a single series, with collaterals and personal guarantee, for private distribution, of Faro Holding.
The transaction value was BRL 165 million. The funds raised by the commercial notes were directed to the development and financing of the construction of photovoltaic power plants owned by Faro Holding.
Faro Energy is a Brazilian company, committed to the democratization of solar energy in Brazil, through investments and actions of social and economic transformation, in the locations where it operates.
With projects in operation and under construction in several states in Brazil, it is engaged in reaching the mark of 200 MWp under management.
It offers customers clean, sustainable and low-cost energy.
TozziniFreire Advogados acted as deal counsel to BTG and Faro Holding and relied on partners Ricardo Stuber, Gustavo Rabello, Alexei Bonamin and associate Bianca Peuker.