Two law firms advise on agreement between CESP and True
Lefosse advised Companhia Energética de São Paulo (CESP) and Auren Energia; Machado Meyer advised True Securitizadora entered into a credit assignment agreement, whereby CESP transferred, through the payment of an amount defined therein, to True Securitizadora certain credit rights held by CESP against the Brazilian Federal Government in an amount of up to R$ 4,398,264,637.20.
Following the assignment, True Securitizadora issued the 3rd issuance of simple, non-convertible, unsecured debentures, with total issuance in the amount of up to R$ 4,500,000,000.00 (which has been partially distributed, totaling the final amount of R$ 4,413,925,000.00), duly registered under CVM´s automatic rite, intended for professional investors, linked to the credit rights acquired by True Securitizadora from CESP, through the execution of the Credit Assignment Agreement.
Lefosse advised Auren Energia and CESP – Companhia Energética de São Paulo and relied on led partner Pedro Dante (pictured left); partner Ricardo Prado (pictured center-left); counsel Pedro Cruciol; associates Renato Edelstein; Ivo Bocaiuva; Luis Bruno.
Machado Meyer advised True Securitizadora and relied on led partners Alberto Faro (pictured center), Laura Garcia de Freitas Souza (pictured center-right), Paulo de Tarso do Carmo Machado (pictured right), lawyers Matheus Faria De Sousa, Pedro Perez Junqueira Sampaio Meirelles.
