VBSO counsels Educbank in issuance of debentures
VBSO Advogados has counselled Educbank Gestão de Pagamentos Educacionais in the structuring of the issuance of simple unsecured debentures, non-convertible into shares, in three tranches, issued by Travessia Securitizadora, backed by credit rights arising from overdue tuition fees owed by students and/or their legal guardians of schools supported within the school year by Educbank, for a total amount of R$70 million.
The debentures of the first and second tranches were the subject of a public offering, brokered by Banco Itaú BBA, in accordance with CVM Resolution no. 160, dated 13 July 2022.
This transaction was closed on 2 August, where Banco Itaú BBA was advised by Pinheiro Neto Advogados.
VBSO’s team was composed of partner José Alves Ribeiro Junior (pictured) and associates Aline Papile Cunto, Miguel Guardia Favinha and Guilherme Pereira Rodrigues Vieira.
