Veirano and Machado Meyer advise on Borrachas Vipal issue

Veirano Advogados and Machado Meyer advised on the public offering of the 1st issuance of debentures of Borrachas Vipal, in a single tranche, in the total amount of BRL 600 million.

Borrachas Vipal is one of the largest rubber manufacturers in the world and a world benchmark in tire retreading. The proceeds will be used for the extension of Borrachas’ Vipal liabilities and bolstering of its cash reserves in the ordinary course of its activities.

Veirano Advogados advised the issuer Borrachas Vipal and relied on partners Fernando Gava Verzoni, Victor Henrique Baptistin, associates Giovanna Fetter, Felipe Tenerelli and trainee Vitoria Magno.

Machado Meyer advised the lead underwriter, Banco Bradesco BBI and underwriter, Banco BTG Pactual and relied on partners Rafael Carretero, Guilherme Azevedo; associates Thais Valente, Isabelle Valente, Alexandre Teixeira and trainee Matheus Freitas Barcelos.