Lojas Renner’s R$3.97 Billion Common Shares Offering

Pinheiro Neto advised Lojas Renner S.A. Machado Meyer and Simpson Thacher represented the placement agents in the offering.

Lojas Renner S.A. (“Renner”) executed a primary follow-on offering of 102,000,000 common shares. The offering raised R$3.97 billion in gross proceeds to Renner. The shares were offered to certain qualified institutional buyers under Rule 144A in the United States and to non-U.S. persons outside the United States in reliance upon Regulation S. Renner’s shares are traded on the B3 under the ticker symbol “LREN3.”

Itau BBA USA Securities, Inc., BTG Pactual US Capital, LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Santander Investment Securities Inc. acted as placement agents.

Renner is one of the largest fashion and lifestyle retailers in Brazil, offering a broad platform of brands and services to its customers. Renner was founded in 1965 and currently operates 606 stores, of which 594 are located in Brazil, and 12 are located in Argentina and Uruguay.

Pinheiro Neto advised Lojas Renner S.A. with a team including Guilherme Sampaio Monteiro, Henrique Tetsuaki Matsura Misawa and Cristina Liu.

The Simpson Thacher team included Grenfel S. Calheiros (Picture), Marcelo B. Lorenzen and Fabiano Maia (Capital Markets); and Jonathan Cantor and Scott Grundei (Tax).

In Brazil, Machado Meyer advised the placement agents with Eliana Helena de Gregório Ambrósio Chimenti, Gustavo Secaf Rebello, Matheus Wassano Ishigaki, Rafael Erlinger and Renata Augusto Passos.

Involved fees earner: Rafael Erlinger – Lefosse; Renata Augusto Passos – Machado Meyer Advogados; Eliana Helena de Gregorio Ambrósio Chimenti – Machado Meyer Advogados; Gustavo Secaf Rebello – Machado Meyer Advogados; Matheus Wassano Ishigaki – Machado Meyer Advogados; Cristina Liu – Pinheiro Neto; Henrique Tetsuaki Matsura Misawa – Pinheiro Neto; Guilherme Sampaio Monteiro – Pinheiro Neto; Grenfel Calheiros – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Scott Grundei – Simpson Thacher & Bartlett; Marcelo Lorenzen – Simpson Thacher & Bartlett;

Law Firms: Lefosse; Machado Meyer Advogados; Pinheiro Neto; Simpson Thacher & Bartlett;

Clients: BTG Pactual US Capital, LLC; Itaú BBA USA Securities; J.P. Morgan Securities LLC; Lojas Renner S.A. ; Morgan Stanley; Santander Investment Securities Inc.;