White & Case advises underwriters on Eletrobras’s US$750 million notes issuance

Global law firm White & Case LLP has advised Citigroup Global Markets Inc., Banco Bradesco BBI S.A., Itau BBA USA Securities, Inc., Santander US Capital Markets LLC, UBS Securities LLC, BBVA Securities Inc., BNP Paribas Securities Corp., Banco BTG Pactual S.A. – Cayman Branch and Scotia Capital (USA) Inc., as joint bookrunners, on the issuance of US$750 million 6.500% notes due 2035 by Centrais Elétricas Brasileiras S.A. – Eletrobras.

This transaction is the first to be conducted under Brazil's Law 14,801/24, enacted in early 2024, which introduces incentivized bonds as a financing mechanism for infrastructure projects and offers tax incentives designed to attract foreign investment in Brazil's infrastructure sector.

Eletrobras is the largest publicly listed independent energy company in Brazil. The notes were issued in reliance on Rule 144A and Regulation S of the US Securities Act of 1933, as amended.

The White & Case team was led by Capital Markets partners John Guzman and Abraham Paul (both in São Paulo), and included Capital Markets partner Stuart Matty, counsel James Clarke (both in London) and associate Fabiana Fadel (São Paulo); and Tax partner Chad McCormick and associate and Thor Fielland (both in Houston).

Press contact
For more information please speak to your local media contact.