Gustavo Moraes and Carolina Alonso

Veirano and Pinheiro Guimarães advise on Lwart issuance

Veirano Advogados advised the issuer, Pinheiro Guimarães Advogados advised the underwriters on the public offering of the 1st issuance of green debentures of Lwart Soluções Ambientais, in the total amount of BRL 500 million.

Lwart Soluções Ambientais is a 100% Brazilian company, a global reference in the production of base oil from used and contaminated lubricating oil, and the only producer in Latin America of high-performance base oils (Group II) from this waste.

The entirety of the net proceeds raised from the issuance will be allocated towards the ordinary management of Lwart Soluções Ambientais S.A.’s business, in line with the Company’s ESG Framework, for the purpose of green qualification.

Considered eligible projects are those operated and/or to be operated by Lwart and/or its subsidiaries aligned with the categories of “Renewable Energy”, “Pollution Prevention and Control”, “Green Buildings and Products”, “Technology and Processes adapted to the Circular Economy”, as established in the Company’s ESG Framework.

Veirano Advogados advised Lwart Soluções Ambientais and relied on partner Gustavo Moraes Stolagli (pictured left), senior associate Victor Henrique Baptistin, associates Felipe Tenerelli, Michele Cazemiro Cristofoli Santos, trainee Vitoria Magno Lucindo Mazetto Bianchi Costa.

Pinheiro Guimarães Advogados advised underwriters Banco Itaú BBA, Banco Santander (Brasil), Banco Safra and Alfa Corretora de Câmbio e Valores Mobiliários and relied on partner Carolina Alonso Camargo (pictured right), senior associate Ranna Frota, associate Monique Lassarot, trainees Lucas Schymura and Pedro Tavares de Mello Bergamo.