Milbank, Tweed, Hadley & McCloy LLP has once again secured its place at the top of the Brazilian debt capital markets, regularly advising issuers and underwriting banks on a variety of cross-border debt offerings, liability management and distressed exchange offer transactions, totaling an aggregate of US$5.0 billion.
Among others, Milbank has advised on the following key debt transactions in 2017: representing the underwriters in the registered shelf-registration and issuance and sale of Fibria Overseas Finance Ltd.; Gol Finance in the offering of its US$500 million 7.000% Senior Notes due 2025; Andrade Gutierrez in its US$75 million partial tender offer for the Bonds due 2018; underwriters in the US$500 million 3.500% Notes due 2023 and US$1,250 million 4.500% Notes due 2028, issued by Braskem Netherlands Finance; the underwriters in the US$400 million 5.750% Notes due 2024 issued by AEGEA Finance S.à.r.l. and unconditionally and irrevocably guaranteed by AEGEA Saneamento e Participações S.A.; the ad hoc committee of bondholders in the exchange of US$600 million in 6.250% senior unsecured notes of QGOG Constellation S.A. due 2019; a Embraer Netherlands Finance BV and Embraer S.A. in the registered offering of US$750 million 5.400% notes due 2027 issued by Embraer Netherlands Finance BV.
Milbank also represented the first-time high yield offering in the Brazil market in many years by JSL S.A.
Tobias Stirnberg, a partner from the São Paulo office, said: “Milbank is delighted to have worked on all such transactions, all of which required seamless coordination from our transatlantic team. We are pleased to have once again been called upon for our expertise in handling significant transactions in the Brazilian debt capital markets.”
