Itapoá Terminais Portuários S.A.’s $77 Million Notes Offering


TozziniFreire, Norton Rose Fulbright, Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga advised on the transaction

Itapoá Terminais Portuários S.A. executed its offering of $77 Million Notes. Banco ABC de Brasil acted as underwriter on the offering.

Proceeds will be used to finance the project, under implementation of Itapoá Terminais Portuários S.A, of an expansion on the capacity of the quay and storage yard of the Itapoá Container Port, located in Santa Catarina, Brazil.

The current Itapoá port has been operating above its capacity for the last two years and the expansion will allow it to adequate to the current market conditions and more efficiently serve the region.

The project includes the following:

• Yard expansion from 146k sqm to 296k sqm.

• Wharf adequacy from 630m to 800m, in order to receive two ships at the same time

• Container handling capacity increase from ~510,000 to ~1.2 mm TEUs

TozziniFreire advised Porto Itapoá Terminais Portuários S.A. with Fabíola Augusta Cavalcanti, Lara Gomes de Araújo Rocha and Gabriel Arenázio.

Norton Rose Fulbright advised Porto Itapoá Terminais Portuários S.A. with Michael McCourt, Diego Brandao and Rodrigo Prado.

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga advised Banco ABC de Brasil S.A. with Marina Anselmo (Picture), Marco Saliba and Lucas Conrado.

Involved fees earner: Marina Anselmo Schneider – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Lucas Melgaco Conrado – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Marco Aurélio Rabenhorst Saliba – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Diego Brandao – Norton Rose Fulbright; Michael McCourt – Norton Rose Fulbright; Fabiola Augusta Cavalcanti – Tozzini Freire ;

Law Firms: Mattos Filho Veiga Filho Marrey Jr & Quiroga; Norton Rose Fulbright; Tozzini Freire ;

Clients: Banco ABC Brasil; Itapoá Terminais Portuários S.A.;

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Author: Ambrogio Visconti.