Cielo’s $970 Million Notes Offering


Pinheiro Neto advised on the transaction

Cielo executed its offering $970 million Notes including $554.8 million notes due 2021, $231.1 million notes due 2022 and $184.9 million Subordinated debt.

Banco Bradesco BBI S.A. and Banco do Brasil Investimentos S.A. acted as underwriters on the offerings.

Cielo SA is an electronic payment solutions company based in Brazil and Latin America. The Company, led by Paulo Rogerio Caffarelli, Gustavo Henrique Santos De Sousa and Renata Baiense De Paiva Greco, in 2019 recorded $2.075 billion revenues.

Pinheiro Neto Advogados acted as deal counsel with a team including Ricardo Simões Russo (Picture), Caio Cruz Ferreira Silva, Felipe Tucunduva Van Den Berch Van Heemstede, Lucas Marinho and Brenno Allaim de Sousa.

Involved fees earner: Caio Ferreira Silva – Pinheiro Neto; Lucas Marinho – Pinheiro Neto; Ricardo Simões Russo – Pinheiro Neto; Felipe Tucunduva Van Den Berch Van Heemstede – Pinheiro Neto;

Law Firms: Pinheiro Neto;

Clients: Banco Bradesco BBI S.A.; Banco do Brasil; Cielo SA;

Author: Ambrogio Visconti.