Milbank LLP advised issuers in Brazilian debt offerings by major aircraft manufacturer and logistics services provider.
Continuing its strong presence in Latin America, Milbank’s Capital Markets practice recently closed two important Brazilian bond offerings.
Details on the transactions:
- Milbank represented Embraer Netherlands Finance BV and Embraer S.A., in the US$750 million SEC registered offering of notes. Embraer is the leading manufacturer of commercial, regional and mid-capacity jets in the world. Milbank attorneys included Capital Markets partners Tobias Stirnberg and Fabiana Y. Sakai and Tax partner Andrew Walker. The transaction closed in February 2017.
- Milbank represented JSL S.A., Brazil’s largest logistics services provider, in its inaugural bond offering of US$325 million 7.75% notes due 2024 under Rule 144A and Regulation S. This transaction is the first high yield bond offering out of Brazil after the market had been closed for many months due to political uncertainty in Brazil and the first ever international bond issuance by JSL S.A. The Milbank team was led by Capital Markets partners Tobias Stirnberg and Fabiana Y. Sakai along with associates Alexia Raad, Marcella Gurgel and Lyndon Plothow. The team also included Tax partner Andrew Walker. The transaction closed on July 26, 2017.
