Milbank LLP advised 3R Petroleum Óleo e Gás S.A., a Brazilian oil & gas exploration and production company in connection with a US$500 million credit agreement syndicated to international and Brazilian banks. Morgan Stanley acted as lead arranger in the transaction. The proceeds of the loan will be used by 3R Petroleum to acquire assets of the Potiguar oil and gas cluster from Petrobras, located in the northern state of Rio Grande do Norte, Brazil.
The Milbank team was led by Capital Markets partners Fabiana Sakai and Tobias Stirnberg, and included special counsel Jeffrey Susskind and associates Amanda Borges and Lays Lima Dutra from the São Paulo office, and Tax partner Andrew Walker, Alternative Investments partner Catherine Leef-Martin, Executive Compensation and Employee Benefits partner Joel Krasnow, and Tax/Alternative Investments associates David Hanno and Megha Khalbag from the New York office.
