Tuesday, 8th May 2012 by Marieke Breijer

Machado, Meyer, Sendacz e Opice Advogados and Simpson Thacher & Bartlett LLP have helped Brasil Foods secure a US$500 million dual-currency loan.

Hughes Hubbard & Reed LLP and Gómez-Acebo & Pombo Abogados in Portugal assisted the lenders, a group of banks led by Morgan Stanley, Santander and HSBC, in providing a loan comprising two-tranches: one worth US$454 million and a second tranche worth €35 million (US$46 million). The loan, which closed at the end of April, also saw the involvement of Bradesco, Banco do Brasil, Scotia, Bank of Tokyo, ING, Mizuho, Sumitomo, Standard Chartered, Rabobank, Credit Agricole, BNP, Bank of China, Bank of Taiwan, Mega International Commercial Bank, United Taiwan Bank, and Deutsche Bank.

Maples and Calder represented the banks with regards to Cayman Islands law.

Both Machado Meyer and Simpson Thacher regularly act on capital markets or corporate issues for Brasil Foods and have assisted the company since its creation via the merger of two of the largest Brazilian food companies in 2009, where the firms represented Perdigão as it joined forces with Sadia.

The firms have gone on to help the company raise US$2.79 billion through a secondary offering in 2009 and US$750 million through a bond placement in 2010, among other transactions.

Counsel to Brasil Foods

US

Simpson Thacher & Bartlett LLP

Partner Alan Brenner and Mark Maher in New York and Grenfel Calheiros in São Paulo

Brazil

Machado, Meyer, Sendacz e Opice Advogados

Partner Nei Schilling Zelmanovits and associates Thales Tormin Saito and Fernanda Cristina Savino

Cayman Islands

The firm has declined to identify itself

Counsel to the banks

US

Hughes Hubbard & Reed LLP

Partner Amy Dulin and associates Nyana Miller and Ana Spiguel

Portugal

Gómez-Acebo & Pombo Abogados

The firm did not respond to requests for counsel

Cayman Islands

Maples and Calder

Partner Kieran Walsh and associate Finn O’Hegarty

(Latin Lawyer 08.05.2012)

(Notícia na Íntegra)