Monday, 16th January 2012 by Rachel Hall

Machado, Meyer, Sendacz e Opice Advogados has helped US power company Contour Global obtain financing from Brazilian development bank BNDES and a syndicate of private banks.

The 453 million reaies (US$255 million) deal closed on 19 December, and saw BNDES provide a take-out facility guaranteed by Banco Santander, Banco Bradesco, Banco Itaú BBA, Banco BTG Pactual and Banco Bradesco BBI. An additional corporate guarantee was provided to the banks by Contour Global’s Latin American arm, Contour Global LatAm, which has operations in both Colombia and Brazil. Brazil’s Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados and Colombia’s Gómez-Pinzón Zuleta Abogados SA provided counsel to the banks.

Mattos Filho partner Pablo Sorj says the introduction of Contour Global LatAm into the deal added “an interesting cross-border component”.

The latest financing follows on from a US$38 million bridge loan obtained in August to help finance the costs of five wind power projects in Brazil. Both Contour Global and Banco Santander, which provided the loan, retained the same counsel for the two financing arrangements.

Counsel to the banks

In-house counsel to Santander - Mario Mourão and Camila Marzano de Novaes
In-house counsel to Bradesco - Humberto Tavares de Meneses, Felipe Moratori Cantero and Rodrigo Mamede Gomes
In-house counsel to BTG Pactual - Rafael Libman and Karen Elizabeth Góes
In-house counsel to Itaú BBA - Celso Roberto Pereira Filho
In-house counsel to Bradesco BBI - Fernando Mattos Pereira Guimaraes

Brazil
Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados
Partner Pablo Sorj and associates Taciana Fonseca Marques, Bernardo Môcho and Eugênia Maria Menezes Pedroso

Colombia
Gómez-Pinzón Zuleta Abogados SA
Partner Ricardo Fandiño De La Calle and associates Juan Sebastián Hoyos, María Paz Uribe Estrada and Felipe Molano Villamil

Counsel to Contour Global

In-house counsel - Elisa Pascoal Alves Dos Santos and Rafael Sugai
Machado, Meyer, Sendacz e Opice Advogados
Partners Silvia Fiszman
and Ana Karina de Souza, and associate Raphael Oliveira Zono

(Latin Lawyer 16.01.2012) 

(Notícia na Íntegra)