Celulose Irani’s $122.3 Million Notes Offering


Machado Meyer advised on the transaction

Celulose Irani executed its offering of $122.3 Million Notes due 2025. Brasil Plural Banco Múltiplo acted as led manager on the transaction. Proceeds will be used to pay existing debts.

Celulose Irani S.A. produces and markets cellulose, pulp, kraft paper, cardboard packaging, and related products. The company, led by Sergio Luiz Cotrim Ribas, Odivan Carlos Cargnin and Henrique Zugman, in 2018, recorded $224.3 million revenues.

Machado Meyer advised Celulose Irani S.A. (Irani) and Brasil Plural S.A. Banco Múltiplo with a team including Adriano Schnur Gabriel Ferreira (Picture), Fernanda Cury Messias, Giovane Machado Borges and Renan Valverde Granja.

Involved fees earner: Fernanda Cury Messias – Machado Meyer Advogados; Giovane Machado Borges – Machado Meyer Advogados; Adriano Schnur Gabriel Ferreira – Machado Meyer Advogados; Renan Valverde Granja – Machado Meyer Advogados;

Law Firms: Machado Meyer Advogados;

Clients: Brasil Plural S.A.; Celulose Irani SA;

Author: Ambrogio Visconti.