Tauil & Chequer Advogados advises EPR on the project finance of SPR Triângulo Mineiro totaling BRL 400 million

Tauil & Chequer Advogados in association with Mayer Brown advised EPR on the BRL 1.3 billion project finance for SPE Triângulo Mineiro, structured through the issuance of incentivized debentures with Bradesco BBI, Brazilian Development Bank (BNDES), and Santander. It is their first long-term financing and their first issuance of incentivized debentures. The financing involved a set of guarantees, covering the assets and rights linked to the project.
The funds raised will be directed towards the concession of Lot 1 (Triângulo Mineiro), which encompasses 627.4 kilometers of highways in the Triângulo Mineiro region, spanning over 10 municipalities. Total investments of BRL 3.2 billion are planned, with BRL 1.4 billion to be allocated in the first eight years of the concession, focusing on improving road infrastructure and enhancing the safety and efficiency of transportation.
EPR, along with its SPEs, is the result of a partnership between Equipav and Perfin, which has an investment platform focused on highway concessions and urban mobility. The group currently manages five highway concessions. The Firm has served as legal counsel in all of the group’s project financings to date.
This transaction was led by partner Luis Montes, with support from associates Beatriz Lavigne and Paulo Hirata, all from the Banking & Finance practice.