Paul Hastings Continues Latin America Expansion with Proposed New Office in São Paulo and Addition of Three Top-Rated Finance and Capital Markets Partners

Paul Hastings LLP, a leading global law firm, announced today a proposed new office in São Paulo, Brazil and the addition of three prominent Latin America and Project Finance partners from Allen & Overy. The team includes Robert Kartheiser, who joins Paul Hastings as chair of the Global Project Finance practice; Bruno Soares, who has an extensive Brazil based project finance practice and will be in New York until final regulatory approval is granted for him to be based in São Paulo; and Cathleen McLaughlin, who headed Allen & Overy’s New York office International Capital Markets group and will continue to focus on Latin American capital markets transactions within Paul Hastings’ Corporate practice.

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Pacific Rubiales Energy Closes $750 Million Offering

Global law firm Proskauer closed a $750 million issuance of 5.625% Senior Notes due 2025 for Pacific Rubiales Energy Corp., the Canadian oil and gas company with operations principally in Colombia as well as interests in six other countries.

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US $2 billion Punta Catalina Coal Fired Power Project, Dominican Republic

Davis Polk advised Construtora Norberto Odebrecht S.A. in connection with the construction and joint venture arrangements for the design, engineering, procurement, construction and commissioning of two “clean coal” fired thermoelectric power plants to be located in Punta Catalina, Hatillo, in the Dominican Republic. The power plants are being constructed on behalf of Corporación Dominicana de Empresas Eléctricas Estatales. The Project has been undertaken as a solution to the country’s electricity shortages and high energy prices.

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Milbank Represents Underwriters in $500 million first time Basel III Tier 2 Bond Offering by Brazil’s Caixa Econômica Federal

Milbank, Tweed, Hadley & McCloy LLP represented the underwriters BB Securities Ltd., Banco Bradesco BBI S.A., Banco BTG Pactual S.A. – Cayman Branch, Deutsche Bank Securities Inc., HSBC Securities (USA) Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated in the $500 million offering of 7.250% notes due July 2024 by Caixa Econômica Federal.

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Simpson Thacher Represents Initial Purchasers in Offering of US$1.0 Billion Senior Notes by JBS S.A.

The Firm recently represented BB Securities Limited, Banco Bradesco BBI S.A., Banco BTG Pactual S.A. – Cayman Branch, J.P. Morgan Securities LLC and Santander Investment Securities Inc., as initial purchasers, in a sale of US$1.0 billion of 7.75% Senior Notes due 2020 issued by JBS Investments GmbH and unconditionally guaranteed by its parent company JBS S.A., a Brazilian corporation, and JBS Hungary Holdings Kft., a wholly owned subsidiary of JBS S.A.  The offering was conducted in reliance upon Rule 144A and Regulation S.

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Shearman & Sterling Advises Banco Nacional de Desenvolvimento Econômico e Social (BNDES) on $2.5 Billion Offering

Shearman & Sterling represented Banco Nacional de Desenvolvimento Econômico e Social (BNDES), Brazil’s national bank for economic and social development and the primary domestic source of long-term financing in the Brazilian economy, in connection with its offering of US$1,250,000,000 3.375% Notes due 2016 and US$1,250,000,000 5.750% Notes due 2023, to be listed on the Luxembourg Stock Exchange. Deutsche Bank Securities, Inc., Itau BBA USA Securities, Inc. and J.P. Morgan Securities LLC acted as joint lead managers.

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Simpson Thacher Represents CPFL Energias Renováveis S.A., in its R$914.7 Million (US$375.6 Million) Initial Public Offering

The Firm recently represented CPFL Energias Renováveis S.A. (“CPFL”) in connection with its R$914.7 million (US$375.6 million) initial public offering of common shares on the São Paulo Stock Exchange.  The common shares were offered to the public in Brazil, to qualified institutional buyers in the United States under Rule 144A and to non-U.S. persons in reliance on Regulation S.

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