Demarest and Lobo de Rizzo Advise on BOAB BRL 5.3 Billion Debenture Issuance

Demarest advised Bloco de Onze Aeroportos do Brasil (BOAB), the Brazilian subsidiary of Aena, and Lobo de Rizzo Advogados advised the underwriters, Banco Santander (Brasil) and Banco Nacional de Desenvolvimento Econômico e Social (BNDES), in connection with BOAB's debenture issuance. The transaction comprised BOAB's first issuance of simple debentures, non-convertible into shares and secured by real collateral, in the total amount of BRL 5.3 billion. The debentures were offered through public distribution under the automatic registration procedure pursuant to CVM Instruction 160, with Banco Santander (Brasil) and BNDES acting as underwriters. The issuance qualified the securities as infrastructure debentures for priority projects before the Ministry of Ports and Airports, rendering them subject to certain tax benefits for investors. The net proceeds will be used to reimburse expenses, costs and debts incurred within the 36 months prior to the offering's closing date and to finance new investments related to the expansion, maintenance and operation of airport infrastructure within the Airport Complexes comprising the Bloco SP/MS/PA/MG, including Congonhas Airport in São Paulo. Demarest represented Bloco de Onze Aeroportos do Brasil (BOAB) with a team composed by: partners Marina Aidar and Bruno Aurélio; associates Karina Melo and Bruno Alderighi Cavalcanti. Lobo de Rizzo Advogados represented the underwriters, Banco Santander (Brasil) and Banco Nacional de Desenvolvimento Econômico e Social (BNDES), with a team composed by: partner Gustavo Cunha; associates Beatriz Rocha, Isabella Dorigheto Miranda, Vitor Hugo do Rego Barros Mayerhofer and Graziela Trevisan; and trainee Fernanda Regra Plaugas.

Demarest and Lobo de Rizzo Advise on BOAB BRL 5.3 Billion Debenture Issuance

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