Monday, 16th July 2012 by Rachel Hall

UK firm Ashurst and Brazil’s Machado, Meyer, Sendacz e Opice Advogados have advised Stein SP Participações, an affiliate of Brazilian oil company Petra Energia, in entering into a secured credit agreement with Citibank.

SNR Denton advised on UK law matters, while Pinheiro Neto Advogados provided Brazilian counsel to Citibank in the US$704 million deal, which closed on 28 June. The credit agreement was secured by a fiduciary assignment of receivables from Petra Energia, which acted as guarantor.

Counsel to Stein Participações and Petra Energia

UK


Ashurst

Partner Nicholas Moore and associate Laura Ho

Brazil

Machado, Meyer, Sendacz e Opice Advogados

Partners Nei Zelmanovits, Celso Costa and Rafael Carretero, and associate Marcos Jarne

(Latin Lawyer 16.07.2012)

(Notícia na Íntegra)