Monday, 23rd January 2012 by Rachel Hall

Brazil’s Madrona, Hong, Mazzuco Sociedade de Advogados and the São Paolo office of US firm Davis Polk and Wardwell have advised Brazilian telecoms company Telemar Norte Leste in a financing arrangement with Finnvera.

The US$200 million loan was signed on 21 December with the Finnish Export Credit subsidiary of Finnvera. KFW Lpex-Bank and Nordea Bank Finland were lead arrangers in the deal. Brazilian firm Machado, Meyer, Sendacz e Opice Advogados, the London office of international firm Norton Rose and Finland’s Peltonen LMR Attorneys provided counsel to the banks.

The proceeds will be used to finance contracts with Nokia Siemens Networks for the supply and installation of fixed and wireless telecommunication infrastructure and related services for Telemar, which is one of the operational companies of Brazil’s largest telecoms company, the Oi Group.

Counsel to Telemar Norte Leste

In-house counsel - Maria Gabriela Menezes Côrtes, Daniella Ventura, Leandro Luz and Juliana Telles

Madrona, Hong, Mazzuco Sociedade de Advogados
Partner Byung Soo Hong and associates Gabriel Sollero Figueira and Glaucia de Castro Zucatelli


Davis Polk and Wardwell
Partners Stephen Hood, James Vickers and Manuel Garcia Diaz in São Paolo

Counsel to Finnvera, Finnish Export Credit, KFW Ipex-Bank and Nordea Bank Finland

Machado, Meyer, Sendacz e Opice Advogados
Partner Nei Schilling Zelmanovits and associate Marcos de Moraes Leme Jarne

Peltonen LMR Attorneys
Partner Janne Tuulos and associate Johanna Nurkkala

Norton Rose
Partner Neil Poland and associate Edward Emerson

(Latin Lawyer 23.01.2012)

(Notícia na Íntegra)