Localiza Rent a Car S.A.’s $327 Million Notes Offering


Cescon, Barrieu, Flesch & Barreto and Pinheiro Neto advised on the transaction

Localiza Rent a Car S.A. executed its offering of $327 million notes. Proceeds will be used to pay existing debts.

Banco BTG Pactual S.A., BB-Banco de Investimento S.A. and Banco Itaú BBA S.A. acted as initial purchasers on the offering.

Localiza Rent a Car SA rents automobiles. The Company, led by Eugenio Pacelli Mattar, Mauricio Fernandes Teixeira and Heros Di Jorge, owns and franchises locations in Brazil and elsewhere in Latin America. In 2018, the company recorded $1.983 million revenues.

Cescon, Barrieu, Flesch & Barreto advised Localiza Rent a Car S.A. with Frederico Viana Rodrigues (Picture), Alice Fulgêncio Brandão and Ana Carolina Coelho Chaves.

Pinheiro Neto advised Banco BTG Pactual S.A., BB-Banco de Investimento S.A. and Banco Itaú BBA S.A. with Ricardo Simões Russo, Marcos Saldanha Proença, Marcello Mammocci Pompilio, Francisca Pereira and Gustavo Araújo.

Involved fees earner: Ana Carolina Coelho Chaves – Cescon, Barrieu, Flesch & Barreto; Alice Fulgêncio Brandão – Cescon, Barrieu, Flesch & Barreto; Frederico Viana Rodrigues – Cescon, Barrieu, Flesch & Barreto; Marcello Mammocci Pompilio – Pinheiro Neto; Ricardo Simões Russo – Pinheiro Neto; Marcos Saldanha Proenca – Pinheiro Neto;

Law Firms: Cescon, Barrieu, Flesch & Barreto; Pinheiro Neto;

Clients: Banco Itau BBA; BB Banco de Investimentos S.A; BTG Pactual; Localiza Rent a Car SA;

Author: Ambrogio Visconti.