TozziniFreire advises issuance and sale of Coruripe notes
TozziniFreire Advogados advised the initial purchasers in the issuance and sale of notes of Coruripe Netherlands notes
TozziniFreire Advogados advised the issuance and sale of senior notes guaranteed by Coruripe Netherlands B.V., a private limited liability company organized and established under the laws of the Netherlands, with personal and real guarantees from its Brazilian subsidiaries, GTW Agronegócios S. A. and S.A. Usina Coruripe Açúcar e Álcool, respectively, and Banco BTG Pactual S.A. – Cayman Branch, Citigroup Global Markets Inc., Itau BBA USA Securities, Inc., Morgan Stanley & Co. LLC and Santander Investment Securities Inc. and XP Investmentos Corretora de Câmbio, Títulos e Valores Mobiliários S.A..
This issue was very innovative and creates many possibilities for future operations. For the first time in history, a bond issue was guaranteed based on IAA credits, an extinct Brazilian autarchy whose name means “Sugar and Alcohol Institute”. This autarchy was extinct in 1990, but owed Usina Coruripe an enormous amount of money, debt that today is a responsibility assumed by the Brazilian government and was used to guarantee the bonds issue, creating a very interesting possibility for future operations.
TozziniFreire was counsel to the banks for Brazilian law matters and relied on partners Alexei Bonamin (pictured left), Elias Marques de Medeiros Neto (pictured right), and associates Bianca Peuker, Leonardo Braghetto and Gabriel Gragnani.
White & Case was underwriter’s international counsel (as to United States Law) with John Guzman, John Anderson, Mariana David, Joao Villa, Rafaella Cunha, Ester Guterres and Eduarda Lague.
Milbank was issuer’s international counsel (as to United States Law) with Fabiana Sakai, Tobias Stirnberg, Amanda Borges, Pedro Silva, Marcella Gurgel and Mateus Ribeiro.
Cescon Barrieu Advogados also represented S.A. Usina Coruripe Açúcar e Álcool, GTW Agronegócios S.A., and Coruripe Netherlands B.V., and relied on partners Joaquim Oliveira, Alexandre Barreto e Alice Fulgêncio Brandão, associate Lucas Ubiratan, trainees Marina Souza and Isabela Moraes and intern Andre Brandão.
NautaDutilh N.V. was issuer’s International Counsel (as to Dutch law) with Marielle van Nimwegen, Hakima Laktit, Antonia Netiv, Maarten Buma.
Brazilian Collateral Agent: TMF Brasil Administração e Gestão de Ativos Ltda.
Collateral Agent’s International Counsel: HKLaw with Micharel Fruchter, Peter Baumgaertner and Daniel Brown.
Lobo de Rizzo Advogados was trustee agent counsel for for Brazilian law matters with Gustavo Cunha, Beatriz Rocha, Isabella Miranda, Marina Santini, Luisa Silva and Matheus Cordeiro.
