16 Dec 2025

Stocche Forbes and Mattos Filho Advise on US$140m Sanitation Financing in Mato Grosso do Sul

"Stocche Forbes and Milbank LLP advised Sumitomo Mitsui Banking Corporation and the Japan International Cooperation Agency on a US$140m financing to Ambiental MS Pantanal SPE to expand and modernize sewage collection and treatment across 68 municipalities in Mato Grosso do Sul. Mattos Filho and White & Case represented Ambiental and guarantor Aegea Saneamento e Participações; the loan is guaranteed by Aegea and secured by the debtor’s shares."

Stocche Forbes and Milbank LLP advised Sumitomo Mitsui Banking Corporation and the Japan International Cooperation Agency, while Mattos Filho Advogados and White & Case LLP represented Ambiental MS Pantanal SPE and Aegea Saneamento e Participações in the transaction. The transaction comprised a US$140,000,000 financing granted to Ambiental MS Pantanal SPE to support the expansion and modernization of sewage collection and treatment infrastructure across 68 municipalities in the State of Mato Grosso do Sul, Brazil. The financing was guaranteed by a corporate guarantee granted by Aegea Saneamento e Participações and was coordinated by Sumitomo Mitsui Banking Corporation together with Banco Sumitomo Mitsui Brasileiro, which acted in multiple roles. The transaction was also secured by the debtor’s shares owned by the guarantor. Stocche Forbes represented Sumitomo Mitsui Banking Corporation and Japan International Cooperation Agency with a team composed by: partners Frederico Moura, Marco Saliba, Laercio Munechika and Mariana Saragoça, and associates Andre Bogossian, Andre Reis, Larissa Chaves and Theo Mothe. Milbank LLP represented Sumitomo Mitsui Banking Corporation and Japan International Cooperation Agency with a team composed by: partners Alexander Borisoff, Tobias Stirnberg and Fabiana Sakai, and associates Rafael Bresciani, Caio Junqueira and Louise Farias. Mattos Filho Advogados represented Ambiental MS Pantanal SPE and Aegea Saneamento e Participações with a team composed by: partner Benardo Mocho, and associates Leonardo Ruiz and Laura Capellão. White & Case LLP represented Ambiental MS Pantanal SPE and Aegea Saneamento e Participações with a team composed by: partners Evelyn Balassiano and John Guzman, and associate Fabiana Fadel Guillot. In-house counsel for Ambiental MS Pantanal SPE: Fabiano Puppi, Beatriz Moll, Maria Carolina do Amaral and Rafaela Tavares Ramos. In-house counsel for Sumitomo Mitsui Banking Corporation: Shotaro Nishimura and Rafael Bittar. In-house counsel for Japan International Cooperation Agency: Ryosuke Sasaki.
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