TozziniFreire and Lobo de Rizzo in São Simão notes
TozziniFreire Advogados advised UHE São Simão Energia on the issuance of 800,000 book-entry commercial notes worth BRL 800m. The notes were publicly placed in Brazil by Banco Bradesco BBI as lead underwriter, and Lobo de Rizzo Advogados advised the underwriter.
The notes carry no in rem collateral or personal guarantees. UHE São Simão Energia will use the net proceeds to refinance loans and other financial obligations owed to Industrial and Commercial Bank of China Limited and Banco BOCOM BBM. Vórtx Distribuidora de Títulos e Valores Mobiliários acted as trustee. The transaction was completed in less than two months and forms part of the issuer’s operational and financial growth.
UHE São Simão Energia belongs to SPIC Brasil, a subsidiary of State Power Investment Corporation of China (SPIC). SPIC is a global company active in sustainable power generation and related projects.
The TozziniFreire team was led by partner Daniel Laudisio (pictured left). He worked with associates Marina Maia de Souza, Larissa Barbosa Souza and Gabriel Rogenfisch Quintans, and intern Murilo Gallo Bonomi.
Lobo de Rizzo Advogados, legal advisor to the lead underwriter, fielded Gustavo Silveira Cunha (pictured right), Julia Cavasotto Zarth, Lucas Rodrigues Ponciano, Luisa Beatriz da Silva, Fernanda Regra Plaugas and Marcelo Serson Rohr.
