Rede D’Or São Luiz’s $500 Million Notes Offering


Skadden, Lefosse, Loyens & Loeff, Cleary and Pinheiro Guimarães advised on the transaction

Rede D’Or Finance S.à.r.l. – a Luxembourg limited liability company, guaranteed by Rede D’Or São Luiz S.A. – executed its initial Rule 144A/Reg. S offering of $500 million in 4.950% notes due 2028.

The proceeds will be used for general corporate purposes.

Rede D’Or is the largest independent private hospital network in Brazil, comprising 35 hospitals and 35 specialized oncology clinics, with a strong market position in the mid- and high-end markets in strategic locations throughout the Brazilian states of Rio de Janeiro, Sao Paulo, Pernambuco and the Federal District. The company, led by Heráclito De Brito Gomes Jr. and Carlos Vasques, is based in São Paulo.

Skadden, Arps, Slate, Meagher & Flom advised Rede D’Or Finance S.à.r.l. and Rede D’Or São Luiz S.A. with Mathias von Bernuth (Picture), Paul Schnell (Picture), Victor Hollender, Lauren Bennett, Julien Apollon, Joseph Soltis and Caroline Frizzo.

In Brazil, Lefosse Advogados advised Rede D’Or Finance S.à.r.l. and Rede D’Or São Luiz S.A. with Roberto Zarour.

In Luxemburg, Loyens & Loeff advised Rede D’Or Finance S.à.r.l. and Rede D’Or São Luiz S.A. with Cédric Raffoul, Thierry Lohest, Peter Adriaansen, Chiara Bardini, Guillem Guimet, Luis Alberto Aguerre Enríquez, Yves-Marie Persin and Fernanda Antunes Rubim.

Cleary Gottlieb represented Itau BBA USA Securities, Inc., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Banco Bradesco BBI S.A. and Banco BTG Pactual S.A. Cayman Branch – acting as initial purchasers on the offering – with a team including Juan Giráldez, Christina Chinloy, Daniel Chor, Anne Rhodes and Jesse Boretsky.

In Brazil, Pinheiro Guimarães advised the initial purchasers with Plinio Pinheiro Guimarães N., Roberta Giamattey Pimentel Fonseca, Bruno Lardosa, Daniela Fassheber and Marcela Taquette Vaz.

Involved fees earner: Plinio Pinheiro Guimarães – Pinheiro Guimarães; Roberta Giamattey Pimentel Fonseca – Pinheiro Guimarães; Bruno Lardosa – Pinheiro Guimarães; Daniela Melo Fassheber – Pinheiro Guimarães; Marcela Taquette Vaz – Pinheiro Guimarães; Roberto Zarour – Lefosse; Cédric Raffoul – Loyens & Loeff; Thierry Lohest – Loyens & Loeff; Guillem Guimet – Loyens & Loeff; Peter Adriaansen – Loyens & Loeff; Chiara Bardini – Loyens & Loeff; Yves-Marie Persin – Loyens & Loeff; Mathias von Bernuth – Skadden Arps Slate Meager & Flom; Paul Schnell – Skadden Arps Slate Meager & Flom; Lauren Bennett – Skadden Arps Slate Meager & Flom; Julien Apollon – Skadden Arps Slate Meager & Flom; Caroline Frizzo – Skadden Arps Slate Meager & Flom; Victor Hollender – Skadden Arps Slate Meager & Flom; Joseph Soltis – Skadden Arps Slate Meager & Flom; Juan Giráldez – Cleary Gottlieb Steen & Hamilton; Christina Chinloy – Cleary Gottlieb Steen & Hamilton; Daniel Chor – Cleary Gottlieb Steen & Hamilton; Anne Rhodes – Cleary Gottlieb Steen & Hamilton;

Law Firms: Pinheiro Guimarães; Lefosse; Loyens & Loeff; Skadden Arps Slate Meager & Flom; Cleary Gottlieb Steen & Hamilton;

Clients: Merrill Lynch, Pierce, Fenner & Smith Incorporated; JP Morgan Securities; Banco Bradesco BBI S.A.; Itaú BBA USA Securities; BTG Pactual(Cayman branch); Rede D’Or São Luiz S.A.;

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Author: Ambrogio Visconti.