2024年8月05日
Tauil & Chequer Advogados advises banks on R$ 1.2 billion debenture issuance by Celesc Distribuição
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Tauil & Chequer Advogados in association with Mayer Brown advised Banco BTG Pactual, Itaú Unibanco, XP Investimentos and Banco Votorantim on the structuring and coordination of Celesc Distribuição's seventh debenture issuance.
The transaction was carried out through a public offering of simple debentures, non-convertible into shares, of the unsecured type, with an additional fiduciary guarantee, in two series, in the amount of R$ 1.2 billion.
The net proceeds raised through the first series of the issuance will be allocated to investments and strengthening the company's liquidity reserve, while those of the second series will be exclusively used for reimbursing expenses or costs related to the expansion, renovation, or improvement of the electric power distribution infrastructure, as well as future investments related to its implementation.
The team was led by partner Luis Montes and included the work of associates Wilson Jung and Marcella Castellano, all from the Banking and Finance practice
The transaction was carried out through a public offering of simple debentures, non-convertible into shares, of the unsecured type, with an additional fiduciary guarantee, in two series, in the amount of R$ 1.2 billion.
The net proceeds raised through the first series of the issuance will be allocated to investments and strengthening the company's liquidity reserve, while those of the second series will be exclusively used for reimbursing expenses or costs related to the expansion, renovation, or improvement of the electric power distribution infrastructure, as well as future investments related to its implementation.
The team was led by partner Luis Montes and included the work of associates Wilson Jung and Marcella Castellano, all from the Banking and Finance practice
