Magazine Luiza’s R$4 Billion Shares Offering

Simpson Thacher advised placement agents on the deal.

Magazine Luiza S.A. (“Magazine Luiza”) announced its offering of 175,000,000 common shares in the amount of R$4 billion. The common shares were offered to certain institutional investors in Brazil, to qualified institutional buyers in the United States under Rule 144A, and to non-U.S. persons in reliance on Regulation S. The shares of Magazine Luiza are traded on the São Paulo Stock Exchange (B3) under the ticker symbol “MGLU3.”

Itau BBA USA Securities, Inc., BTG Pactual US Capital, LLC, BofA Securities, Inc., J.P. Morgan Securities LLC, Santander Investment Securities Inc., Morgan Stanley & Co. LLC, UBS Securities LLC, Bradesco Securities, Inc., Goldman Sachs & Co. LLC and XP Investments US, LLC, acted as placement agents on the offering.

Magazine Luiza is a digital platform in Brazil, offering a wide range of products and services for all socio-economic classes of the Brazilian population through a multichannel digital ecosystem, including e-commerce and brick-and-mortar stores.

The Simpson Thacher team was led by Partner Grenfel S. Calheiros (Picture) and Counsel Paulo F. Cardoso, and included Winnie Y. Loureiro (Capital Markets); and Michael E. Mann and Edward Grais (Tax).

Involved fees earner: Grenfel Calheiros – Simpson Thacher & Bartlett; Paulo Fernando de Menezes Cardoso – Simpson Thacher & Bartlett; Edward Grais – Simpson Thacher & Bartlett; Winnie Loureiro – Simpson Thacher & Bartlett; Michael Mann – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Bank of America Securities; Bradesco Securities; BTG Pactual US Capital, LLC; Goldman Sachs & Co.; Itaú BBA USA Securities; J.P. Morgan Securities LLC; Morgan Stanley; Santander Investment Securities Inc.; UBS Securities LLC; XP Investments;