Rio Alto Energias Renováveis’ R$550 Million Debentures Issuance

Lobo de Rizzo advised Rio Alto Energias Renováveis, while Cescon, Barrieu, Flesch & Barreto Advogados advised the underwriters in the transaction.

Rio Alto Energias Renováveis S.A. (“Issuer”) executed the 1st issuance of debentures, in two series, whereas the first series is comprised by debentures convertible into shares and the second series is comprised by simple debentures with subscription bonds as an additional benefit, with restricted placement efforts (pursuant to CVM Rule 476) of the Issuer, in the total amount of BRL 550,000,000.00, secured by (i) a personal guarantee granted by the Issuer’s shareholders and (ii) a fiduciary lien of 65% of shares issued by the Issuer.

Founded in 2009, Rio Alto is an independent company specializing in renewable energy generation with a focus on photovoltaic (solar) power plants. 

Lobo de Rizzo advised the issuer with Maria Machado (partner; picture) and Luca Nigra (associate).

Cescon, Barrieu, Flesch & Barreto Advogados advised Banco de Investimento Credit Suisse (Brasil) S.A. and Banco Modal S.A., as underwriters, with Daniel Laudisio and Daniel Mortari.

Involved fees earner: Daniel Laudisio – Cescon, Barrieu, Flesch & Barreto; Daniel Mortari – Cescon, Barrieu, Flesch & Barreto; Luca Furlong Nigra – Lobo & de Rizzo; Maria Machado – Lobo & de Rizzo;

Law Firms: Cescon, Barrieu, Flesch & Barreto; Lobo & de Rizzo;

Clients: Banco Modal SA; Credit Suisse Brasil S.A.; Rio Alto Energias Renováveis;