TozziniFreire advise VCP Capital on Busbud loan

TozziniFreire Advogados advised VCP Capital Markets, acting as lender, on a USD 53,000,000 term loan extended to Busbud, the borrower, to refinance certain indebtedness under convertible notes previously issued by Busbud and its subsidiaries. DLA Piper US acted as counsel to the lender in the United States, while TozziniFreire handled the Brazilian law aspects of the transaction, which involved jurisdictions in both Brazil and the United States.

The transaction included a security package in Brazil and is described as one of the first alternative lending deals involving the country. Alternative lending structures have grown considerably in U.S. markets in recent years but remain at an early stage of development in Brazil.

The TozziniFreire team was led by partner Daniel Laudisio, with support from associate Marina Souza. On the U.S. side, DLA Piper US served as counsel to the lender, though the specific attorneys involved were not disclosed in the information provided.