May 08, 2024
Tauil & Chequer Advogados advises Cyrela on public distribution of CRIs totaling R$ 1 billion
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Tauil & Chequer Advogados in association with Mayer Brown advised Cyrela on the public distribution of real estate receivables certificates (CRIs), in the total amount of R$1 billion, under automatic registration with the Brazilian Securities and Exchange Commission.
The CRIs are backed by real estate credits from Cyrela's 17th private issuance of simple debentures, not convertible into shares, which are unsecured, in three series.
The funds obtained from the operation may be used to pay expenses, costs and costs not yet incurred by the debtor or its subsidiaries in connection with real estate projects.
Partner Bruno Cerqueira and associate Camila Torelli, both from the Capital Markets & Securitization practice, participated in the case.
The CRIs are backed by real estate credits from Cyrela's 17th private issuance of simple debentures, not convertible into shares, which are unsecured, in three series.
The funds obtained from the operation may be used to pay expenses, costs and costs not yet incurred by the debtor or its subsidiaries in connection with real estate projects.
Partner Bruno Cerqueira and associate Camila Torelli, both from the Capital Markets & Securitization practice, participated in the case.
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