Tauil & Chequer Advogados advises Ecovias do Cerrado Concessionaire on its 2nd bond issue

Tauil & Chequer Advogados in association with Mayer Brown, advised Concessionária Ecovias do Cerrado in the context of the public offering of debentures from the company’s 2nd issuance, in the total amount of BRL640 million. The offering was intended to a specific type of investors (investidores qualificados as determined by Brazilian Securities and Exchange Commission) and Banco BTG Pactual S.A., XP Investimentos Corretora de Títulos e Valores Mobiliários S.A. and UBS Brasil Corretora de Câmbio, Títulos e Valores Mobiliários S.A. acted as underwriters.

The issuance is benefited from the tax advantages provided for in Article 2 of Law 12.431 of June 24, 2011, therefore, the net proceeds obtained with the issuance will be allocated to the infrastructure project considered a priority by the Brazilian Ministry of Transport.

Tauil & Chequer Advogados, in association with Mayer Brown, team was led by partner Luis Montes and included associates Camila Spinola and Theodoro Scott, all from the Banking & Finance practice.