Tupy’s $350 Million Cash Tender Offer

Simpson Thacher represented the dealer managers in the transaction.

Tupy Overseas executed its cash tender offer for any and all of its outstanding US$350 million 6.625% Senior Notes due 2024 (the “2024 Notes”). Approximately US$75 million in aggregate principal amount of the 2024 Notes was tendered and validly purchased by Tupy Overseas in the cash tender offer, and Tupy Overseas intends to redeem the 2024 Notes that were not purchased in the cash tender offer.

Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., Itau BBA USA Securities, Inc., J.P. Morgan Securities LLC, Santander Investment Securities Inc. and UBS Securities LLC acted as dealer managers for the transaction.

Tupy is one of the world leaders in the production, sale and marketing of cast iron components for the capital goods industry, which are applied in trucks, buses, agriculture, construction and mining machinery, industrial, marine and power generation engines, among others, as well as for the passenger car sector.

The Simpson Thacher team for the dealer managers included Grenfel S. Calheiros (Picture), Kirsten L. Davis, Siddharth Fresa and Laura Ribero (Capital Markets – New York and São Paulo); and Jonathan E. Cantor and Edward Grais (Tax).

Involved fees earner: Grenfel Calheiros – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Kirsten Davis – Simpson Thacher & Bartlett; Siddharth Fresa – Simpson Thacher & Bartlett; Edward Grais – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Citigroup Global Markets Ltd; Itaú BBA USA Securities; J.P. Morgan Securities LLC; Morgan Stanley; Santander Investment Securities Inc.; UBS Securities LLC;

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