Monday, 12th April 2010 by David Thorley
Brazil’s Barbosa Müssnich & Aragão and Cravath, Swaine & Moore LLP have acted for a Brazilian subsidiary of mining group Magnesita as it raised US$400 million in a bond issuance.
Machado, Meyer, Sendacz e Opice Advogados and Cleary Gottlieb Steen & Hamilton LLP acted for the initial purchasers, JP Morgan Securities, BB Securities, Banco Bradesco and Banco Itaú Europa, in the placement by Rearden G Holdings made on 25 March.
Last year Barbosa Müssnich acted for Magnesita as the company made a US$190 million share offering, and in 2008 the firm teamed up with Cravath in advising the company in its acquisition of German manufacturer LWB Refractories.
The bonds issued by Rearden will mature in ten years at an interest rate of 7.875 per cent.
Counsel to Rearden G Holdings
Brazil
· Barbosa Müssnich & Aragão
Partner Camila Goldberg Cavalcanti and associate Paulo Ceppas Figueiredo
US
· Cravath, Swaine & Moore LLP
Partner Joel Herold and associates Michael Baird and Camila Amaral
Counsel to the banks
Brazil
· Machado, Meyer, Sendacz e Opice Advogados
Partner Carlos Motta and associates Ana Luiza Vieira Franco and Cristiana Andrade Bichuette
US
· Cleary Gottlieb Steen & Hamilton LLP
Partner John Delaney and associate Greta Trotman
(Latin Lawyer 12.04.2010)
(Notícia na Íntegra)
