3R Petroleum’s R$600 Million Initial Public Offering

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga advised 3R Petroleum Óleo e Gas S.A. while Simpson Thacher represented the placement agents in the offering.

3R Petroleum Óleo e Gás S.A. (“3R”) executed its initial public offering of 28,571,429 common shares on the São Paulo Stock Exchange (“B3”), raising R$600 million in gross proceeds.

XP Investments US, LLC, BTG Pactual US Capital LLC, Itau BBA USA Securities, Inc. and Brasil Plural Securities LLC acted as placement agents.

The common shares were offered to qualified institutional buyers in the United States under Rule 144A and to non-U.S. persons in reliance on Regulation S. 3R’s common shares will trade on the B3 under the ticker symbol “RRRP3.”

3R is a Brazilian oil and gas company specialized in the redevelopment of mature onshore and shallow-water oil and gas fields.

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga advised 3R Petroleum Óleo e Gas S.A. with Giovani Loss, Vanessa Fiusa, Ralff Barilli, Yasmin Karam Tomaino and Luiza Motta Rodrigues.

The Simpson Thacher team was led by Grenfel S. Calheiros (Picture) and included Paulo F. Cardoso and Siddharth Fresa (Capital Markets); and Jonathan Cantor and Suzy Yaster (Tax).

Involved fees earner: Ralff Barilli – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Vanessa Fiusa – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Giovani Loss – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Yasmin Karam Tomaino – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Grenfel Calheiros – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Paulo Fernando de Menezes Cardoso – Simpson Thacher & Bartlett; Siddharth Fresa – Simpson Thacher & Bartlett; Susan Yaster – Simpson Thacher & Bartlett;

Law Firms: Mattos Filho Veiga Filho Marrey Jr & Quiroga; Simpson Thacher & Bartlett;

Clients: 3R Petroleum Oleo e Gas S.A.; Brasil Plural Securities; BTG Pactual US Capital, LLC; Itaú BBA USA Securities; XP Investments;

Author: Ambrogio Visconti.