Banco Votorantim’s $500 Million Notes Offering

Davis Polk and Campos Mello advised Banco Votorantim S.A. on the deal. Clifford Chance and Machado Meyer advised the underwriters.

Banco Votorantim S.A. completed the update of its global medium-term note program and offering thereunder of $500 million aggregate principal amount of 4.375% global medium-term notes due 2025, pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended.

Banco Votorantim is the 5th largest private bank in Brazil (according to the Brazilian Central Bank ranking) and operates in corporate and investment banking, asset management, private banking and retail segments. Banco Votorantim is jointly controlled by Votorantim Finanças S.A. (a subsidiary of Votorantim S.A.) and Banco do Brasil S.A.

The Davis Polk corporate team advising Banco Votorantim  included partner Maurice Blanco (Picture), counsel James Vickers, European counsel John Taylor and associate Elliot M. de Carvalho. Partner Mario J. Verdolini and associate Talya Presser provided tax advice. Associate Allison Gunther provided 1940 Act advice.

In Brazil, Campos Mello Advogados (DLA Piper) advised with a team including Roberto Vianna do R. Barros, Flavia Ferreira and Lucas Bernabé.

Clifford Chance advised BB Securities Limited; Banco Bradesco BBI S.A.; Banco Safra S.A.; BofA Securities, Inc.; Goldman Sachs & Co. LLC; Itau BBA USA Securities, Inc. and J.P. Morgan Securities LLC wiht Anand Saha, Avrohom Gelber, Anja Pfleger and Teo Pastor.

Involved fees earner: Lucas Bernabé – Campos Mello Advogados; Flávia Cavalcanti Ferreira – Campos Mello Advogados; Roberto Vianna do R. Barros – Campos Mello Advogados; Avrohom Gelber – Clifford Chance; Teo Pastor – Clifford Chance; Anja Pfleger Andrade – Clifford Chance; Anand Saha – Clifford Chance; Maurice Blanco – Davis Polk & Wardwell; Elliot de Carvalho – Davis Polk & Wardwell; Allison Gunther – Davis Polk & Wardwell; Talya Presser – Davis Polk & Wardwell; John Taylor – Davis Polk & Wardwell; Mario Verdolini – Davis Polk & Wardwell; James Vickers – Davis Polk & Wardwell;

Law Firms: Campos Mello Advogados; Clifford Chance; Davis Polk & Wardwell;

Clients: Banco Bradesco BBI S.A.; Banco J. Safra S.A.; Banco Votorantim; Bank of America Securities; BB Securities Ltd; Goldman Sachs & Co.; Itaú BBA USA Securities; JP Morgan Securities;

Author: Ambrogio Visconti