White & Case Advises the Underwriters on Açu Petróleo’s US$600 Million Notes Issuance

Global law firm White & Case LLP has advised Goldman Sachs & Co. LLC, as global coordinator, initial purchaser and joint bookrunner, and other joint bookrunners, on Açu Petróleo’s US$600 million 7.50% senior secured notes due 2035. The notes were issued by Açu Petróleo Luxembourg S.à r.l., a wholly-owned subsidiary of Açu Petróleo S.A., which guaranteed the notes. 

Açu Petróleo is indirectly controlled by Prumo Logística S.A. and ultimately by EIG Management, and owns the largest, by capacity, and only privately-owned oil export terminal in Brazil. At the terminal, the company provides oil transshipment services to some of the world’s largest oil multinationals. The company will use the net proceeds of the notes to repay existing debt and to fund reserve accounts associated with the offering, as well as for other purposes. 

The White & Case capital markets team was led by partners John Vetterli, Rafael Roberti (both in New York) and John Anderson (São Paulo), and included counsel Mårten Olsson (New York) and associate Beatriz Barros (São Paulo). The team was assisted by law clerk Eduarda Lague (Washington, DC).

In Latin America, White & Case advises on the full range of debt and equity transactions, and the Firm has achieved a leading reputation for routinely advising on "first to market" and award-winning transactions. Our Latin America-wide Capital Markets Practice is among the most highly ranked of international law firms, according to the most recent editions of The Legal 500 Latin America and Chambers Latin America: Capital Markets.

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