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12 June 2019 / deal

Loyens & Loeff Luxembourg advised the Ultrapar group with its simultaneous notes issuance and tender offer

Loyens & Loeff Luxembourg advised the Ultrapar group, being Brazil's fourth largest company and one of the 500 largest companies in the world, with the issuance of USD 500 million and the simultaneous tender offer of its USD 200 million of existing notes.

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Loyens & Loeff Luxembourg advised the Ultrapar group with (i) the offering of USD 500 million 5.250% notes due 2029 (the Notes) via the group’s subsidiary, Ultrapar International S.A., a Luxembourg société anonyme, and with (ii) the tender offer conducted by Ultrapar International S.A. to purchase for cash of USD 200 million in aggregate principal amount of its outstanding 5.250% notes due 2026.

The offering was coordinated by Banco Bradesco BBI S.A., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Itau BBA USA Securities, Inc. and Santander Investment Securities Inc.

The Brazilian Ultrapar group is operating in the sectors of fuel distribution, production of specialty chemicals, storage of liquid bulk and pharmacies.

Our team also assisted the Luxembourg issuer with the listing on the Official List of the Luxembourg Stock Exchange (LuxSE) and the admission to trading on the Euro MTF market operated by the LuxSE of the Notes.

Our Capital Markets and Tax teams, led by Cédric Raffoul and Willem Bon, respectively, combined their expertise in advising our client on all regulatory, legal and tax aspects in connection with the notes issuance, tender offer and listing.

For more information, please check this link.



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