FS Luxembourg’s $50 Million Reopening of Senior Secured Notes Offering


Simpson Thacher represented Morgan Stanley & Co. LLC as initial purchaser in the offering.

FS Luxembourg S.à r.l.’s completed its offering of US$50 million aggregate principal amount of additional 10% Senior Secured Notes due 2025. The additional notes constituted a reopening of the US$550 million aggregate principal amount of notes initially issued on December 15, 2020, increasing the aggregate principal amount of the series to US$600 million.

FS Luxembourg is a wholly owned financing subsidiary of FS Agrisolutions Indústria de Biocombustíveis Ltda., a low-cost, low-carbon producer of biofuels, animal nutrition products and renewable energy in Brazil.

The Simpson Thacher team for Morgan Stanley in the transaction included Grenfel S. Calheiros (Picture), Alejandro de Ramon-Laca and Winnie Y. Loureiro (Capital Markets); and Jonathan E. Cantor and Jasmine Hay (Tax).

Involved fees earner: Grenfel Calheiros – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Alejandro de Ramon-Laca – Simpson Thacher & Bartlett; Jasmine Hay – Simpson Thacher & Bartlett; Winnie Loureiro – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Morgan Stanley;

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Author: Ambrogio Visconti.