Latin Lawyer destaca nossa assessoria financeira à Santa Vitória do Palmar Energias Renováveis

Nossa assessoria à Santa Vitória do Palmar Energias Renováveis para a construção e operação do parque eólico Santa Vitória do Palmar, no Rio Grande do Sul, foi destaque na Latin Lawyer. Os sócios-gestores Fabrizio Sasdelli e Milton Pinatti, e os associados André Ramos Bedim e Izabel Siqueira do Val foram os responsáveis pela transação: IDB issues first reais-backed guarantee for wind project Paul Hastings LLP in New York and São Paulo, and Lobo de Rizzo Advogados in São Paulo have helped wind farm operator Santa Vitória do Palmar Energias Renováveis obtain project finance worth 784.3 million Brazilian reais (US$189 million) through two loans and an unprecedented debt issuance. Santa Vitória do Palmar issued infrastructure debentures worth 105 million reais (US$25.2 million), which are fully guaranteed by the Inter-American Development Bank (IDB) through its private sector affiliate, IDB Invest. Both IDB and IDB Invest relied on Clifford Chance LLP in Washington, DC, and Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados in Rio de Janeiro and São Paulo for the deal, which closed on 31 July. The underwriters relied on Machado Meyer Advogados in São Paulo. Alongside the issuance, Santa Vitória do Palmar also got two loans from government-owned development banks BRDE and BNDES. These loans are worth 230 million reais (US$55 million) and 449.4 million reais (US$107.7 million) respectively. Mattos Filho also advised the six commercial banks that structured the letters of credit to guarantee the BNDES and BRDE loans. Funds from the issuance and the loans will be used to develop a 207-megawatt wind project located in the southern state of Rio Grande do Sul. The loans and the IDB guarantee are secured by the wind project’s assets, credits and shares, as well as by other additional corporate guarantees provided by the companies involved in the project. This is thought to be the first time the IDB has provided a guarantee in reais for a wind project debentures issuance. The Santa Vitória do Palmar wind farm has been operational since 2017 and is made up of 12 wind turbines. Developed by Madrid-based Acciona, the wind farm is owned by green energy supplier Atlantic Energias Renováveis, which itself is fully owned by UK-based private equity company Actis.   Counsel to Santa Vitória do Palmar Energias Renováveis In-house counsel - Silvia Helena Carvalho Vieira da Rocha and João Victor Baggio Molini Paul Hastings LLP Partner Roberta Bassegio in São Paulo and foreign associate Bruna Rey in New York Lobo de Rizzo Advogados Partners Fabrizio Sasdelli and Milton Pinatti, and associates André Ramos Bedim and Izabel Siqueira do Val in São Paulo Counsel to IDB and IDB Invest In-house counsel to IDB Invest - Joshua Hartshorn Clifford Chance LLP Partner Lori Bean and associate Lauran Smith in Washington, DC Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados Partner Pablo Sorj and associates Aimi Sagae de Melo Moura Dumans in Rio de Janeiro; and partner Camila Calais and associates Bernardo Môcho, Lucca Rizzo, Analia Brum and Maria Telles Rudge in São Paulo Counsel to XP Investimentos Corretora de Câmbio, Banco Itaú BBA and Banco Bradesco BBI Machado Meyer Advogados Partners Eliana Chimenti, Adriano Schnur Ferreira and Gustavo Secaf Rebello, and associates Marina Mendes Correa and Renan Valverde Granja in São Paulo Counsel to Itaú BBA, Bradesco, ABN AMRO, SMBC, ABC and Pine Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados Partner Pablo Sorj and associates Aimi Sagae de Melo Moura Dumans in Rio de Janeiro; and partner Camila Calais and associates Bernardo Môcho, Lucca Rizzo, Analia Brum and Maria Telles Rudge in São Paulo   Christina McKeon Frutuoso | Latin LawyerPaul Hastings LLP in New York and São Paulo, and Lobo de Rizzo Advogados in São Paulo have helped wind farm operator Santa Vitória do Palmar Energias Renováveis obtain project finance worth 784.3 million Brazilian reais (US$189 million) through two loans and an unprecedented debt issuance. Santa Vitória do Palmar issued infrastructure debentures worth 105 million reais (US$25.2 million), which are fully guaranteed by the Inter-American Development Bank (IDB) through its private sector affiliate, IDB Invest. Both IDB and IDB Invest relied on Clifford Chance LLP in Washington, DC, and Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados in Rio de Janeiro and São Paulo for the deal, which closed on 31 July. The underwriters relied on Machado Meyer Advogados in São Paulo. Alongside the issuance, Santa Vitória do Palmar also got two loans from government-owned development banks BRDE and BNDES. These loans are worth 230 million reais (US$55 million) and 449.4 million reais (US$107.7 million) respectively. Mattos Filho also advised the six commercial banks that structured the letters of credit to guarantee the BNDES and BRDE loans. Funds from the issuance and the loans will be used to develop a 207-megawatt wind project located in the southern state of Rio Grande do Sul. The loans and the IDB guarantee are secured by the wind project’s assets, credits and shares, as well as by other additional corporate guarantees provided by the companies involved in the project. This is thought to be the first time the IDB has provided a guarantee in reais for a wind project debentures issuance. The Santa Vitória do Palmar wind farm has been operational since 2017 and is made up of 12 wind turbines. Developed by Madrid-based Acciona, the wind farm is owned by green energy supplier Atlantic Energias Renováveis, which itself is fully owned by UK-based private equity company Actis.   Counsel to Santa Vitória do Palmar Energias Renováveis In-house counsel - Silvia Helena Carvalho Vieira da Rocha and João Victor Baggio Molini Paul Hastings LLP Partner Roberta Bassegio in São Paulo and foreign associate Bruna Rey in New York Lobo de Rizzo Advogados Partners Fabrizio Sasdelli and Milton Pinatti, and associates André Ramos Bedim and Izabel Siqueira do Val in São Paulo Counsel to IDB and IDB Invest In-house counsel to IDB Invest - Joshua Hartshorn Clifford Chance LLP Partner Lori Bean and associate Lauran Smith in Washington, DC Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados Partner Pablo Sorj and associates Aimi Sagae de Melo Moura Dumans in Rio de Janeiro; and partner Camila Calais and associates Bernardo Môcho, Lucca Rizzo, Analia Brum and Maria Telles Rudge in São Paulo Counsel to XP Investimentos Corretora de Câmbio, Banco Itaú BBA and Banco Bradesco BBI Machado Meyer Advogados Partners Eliana Chimenti, Adriano Schnur Ferreira and Gustavo Secaf Rebello, and associates Marina Mendes Correa and Renan Valverde Granja in São Paulo Counsel to Itaú BBA, Bradesco, ABN AMRO, SMBC, ABC and Pine Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados Partner Pablo Sorj and associates Aimi Sagae de Melo Moura Dumans in Rio de Janeiro; and partner Camila Calais and associates Bernardo Môcho, Lucca Rizzo, Analia Brum and Maria Telles Rudge in São Paulo   Christina McKeon Frutuoso | Latin Lawyer