Klabin S.A.’s $500 Million Green Bond Offering


White & Case, TozziniFreire, Clifford Chance and Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga advised on the transaction

KLABIN S.A., on September 12, 2017, Through its wholly-owned subsidiary, Klabin Finance S.A., priced senior unsecured notes in the total amount of U.S. $500,000,000.00 at an interest rate of 4.785% per annum and a yield of 4.95%, and maturing on September 19, 2027, guaranteed by the Company.

The notes have not been, and will not be, registered under the Securities Act of 1933, as amended, or the Securities Act. The Notes are being offered or sold within the United States only to qualified institutional buyers in reliance on Rule 144A under the Securities Act and to certain non-U.S. persons in offshore transactions in reliance on Regulation S under the Securities Act.

The proceeds from the offering raised will be allocated to projects that reinforce the Company’s social and environmental performance.

Citigroup Global Markets Inc., Itaú BBA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC and Santander Investment Securities Inc. acted as initial purchasers.

Klabin S.A., together with its subsidiaries, operates in the paper and pulp industry in Brazil. It operates through Forestry, Paper, Conversion, and Pulp segments.

Clifford Chance advised Klabin S.A. and Klabin Finance S.A. with Patrick Jackson (Picture), Markus Waitschies, Deleva Boika, Fernando Zanzarini and Luis Al-Contar.

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga advised Klabin S.A. and Klabin Finance S.A. with Bruno Tuca, André Regis dos Reis and Carlos Henrique de Araujo.

White & Case LLP advised the Initial Purchasers with Donald Baker, John Guzman, Abraham Paul. Asociadas Lisa Cossi and Mariana Seixas.

TozziniFreire advised the initial purchasers with Alexei Bonamin, Kenneth Ferreira and Laís Monte Claudio.

Involved fees earner: Alexei Bonamin – Tozzini Freire ; Kenneth Antunes Ferreira – Tozzini Freire ; Bruno Mastriani Simões Tuca – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Carlos Henrique de Araujo – Mattos Filho Veiga Filho Marrey Jr & Quiroga; André Regis dos Reis – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Donald Baker – White & Case; John Guzman – White & Case; Abraham Paul – White & Case; Mariana Seixas – White & Case; Lisa Seifman – White & Case; Patrick Jackson – Clifford Chance; Markus Waitschies – Clifford Chance; Luis Al-Contar – Clifford Chance; Deleva Boika – Clifford Chance;

Law Firms: Tozzini Freire ; Mattos Filho Veiga Filho Marrey Jr & Quiroga; White & Case; Clifford Chance;

Clients: Citigroup Global Markets Ltd; Merrill Lynch, Pierce, Fenner & Smith Incorporated; Morgan Stanley; Itaú BBA USA Securities; Santander Securities ; Klabin S.A.;

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Author: Ambrogio Visconti.