(Português) Assessoria ao Bradesco BBI é destaque na Latin Lawyer
Nossa assessoria ao Bradesco BBI na emissão de debêntures pela ENERCAN foi destaque em notícia da Latin Lawyer:
Souza Cescon and Lobo de Rizzo fuel power company’s debentures
Christina McKeon Frutuoso
13 October 2017
Souza, Cescon, Barrieu & Flesch Advogados has helped Brazilian electricity generator ENERCAN – Campos Novos Energia issue debentures worth 640 million Brazilian reais (around US$201 million).
Bradesco BBI was the arranger for the transaction and enlisted Lobo de Rizzo Advogados. The offering closed on 27 September.
The independent power company is owned by Brazilian state-run electricity company CPFL, energy company Votorantim Energia and business group CEEE, and operates the Campos Novos hydroelectric power plant in the state of Santa Catarina. The power plant has a total installed capacity of 880 megawatts.
Souza Cescon’s partner, Daniel Laudisio, describes the issue as the latest indicator that Brazil’s debt capital markets are getting back on track. “There is appetite by local investors for debt securities, particularly those secured by low-risk receivables. The transaction was of particular importance to the shareholders of the issuer, as it provided the issuer with enough liquidity to upstream cash to them.” Shareholder Votorantim sought additional in-house counsel for the issuance. Votorantim holds an approximate 44.8% share in ENERCAN, while CEEC and CPFL hold 6.5% and 48.8% respectively.
A little over two months ago, ENERCAN won an award for “best company in the Brazilian electricity sector” from Brazilian magazine Valor, the second time it has received the accolade. The award is based on several criteria, including net revenue, operating income, sustainable growth and profitability. ENERCAN last tapped the capital markets in 2010.
Counsel to ENERCAN – Campos Novos Energia
Souza, Cescon, Barrieu & Flesch Advogados
Partner Daniel Laudisio and associates Thiago Silveira and Carolina Muzzi
Counsel to Bradesco BBI
In-house counsel – Renata Antonini Machida
Lobo de Rizzo Advogados
Partner Milton Pinatti and associates Anna Piragibe and Nicolas Belmonte
Counsel to Votorantim Energia
In-house counsel – Marcos José Mazutti
Fonte: Latin Lawyer
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