Votorantim Cimentos’s $290 Million Sustainable Revolving Credit Facility

Milbank LLP represented Bank Of America, N.A.

Milbank LLP represented the lead arrangers and lenders in the US$290 million sustainable revolving credit facility by and among Votorantim Cimentos International S.A., Votorantim Cimentos EAA Inversiones S.L., St. Marys Cement Inc. (Canada) and certain subsidiaries of St. Marys Cement Inc. (Canada), as borrower, Votorantim Cimentos S.A. and St. Marys Cement Inc. (Canada), as guarantors, Bank of America, N.A., as administrative agent, Natixis, New York Branch, as sustainability structuring agent and certain lenders.

Votorantim Cimentos is the largest cement company of Brazil and the eighth largest in the world. The company was founded in the city of Votorantim in 1933 and is headquartered in São Paulo.

The Milbank deal team was led by Global Capital Markets partners Carlos Albarracín (Picture) and Tobias Stirnberg, along with Global Capital Markets associates Gonzalo Guitart and Ana Bueno and Tax partner Andrew Walker and associate Archan Hazra.

Involved fees earner: Carlos Albarracín – Milbank; Ana Bueno – Milbank; Gonzalo Guitart – Milbank; Archan Hazra – Milbank; Tobias Stirnberg – Milbank; Andrew Walker – Milbank;

Law Firms: Milbank;

Clients: Bank of America;

Author: Ambrogio Visconti