Companhia Energética do Ceará’s $54 Million Notes Offering


Pinheiro Guimarães and Veirano advised on the deal

Companhia Energética do Ceará executed its offering of $54 million notes. Banco Itaú BBA S.A. acted as led manager and underwriter on the transaction.

Companhia Energetica do Ceara operating as a subsidiary of Enel Group, distributes electricity to industrial, agricultural, commercial and residential customers in Brazil, in several municipalities of the Brazilian State of Ceara, in north eastern Brazil. The company, led by Roberto Zanchi, Raffaele Enrico Grandi and Jose Tavora Batista, in 2018 recorded $1.676 billion revenues.

Pinheiro Guimarães advised Companhia Energética do Ceará with Plinio Pinheiro Guimarães (Picture) and Pedro Barretto Vasconcellos.

Veirano advised Banco Itaú BBA S.A. with Daniela Anversa and Raisa Reggiori Pereira.

Involved fees earner: Pedro Barretto Vasconcelos – Pinheiro Guimarães; Plinio Pinheiro Guimarães – Pinheiro Guimarães; Daniela Anversa – Veirano Advogados; Raisa Reggiori Pereira – Veirano Advogados;

Law Firms: Pinheiro Guimarães; Veirano Advogados;

Clients: Banco Itau BBA; Companhia Energetica do Ceara – Coelce;

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Author: Ambrogio Visconti.