Milbank LLP advised Banco BTG Pactual S.A., as sole lead arranger, and the syndicate of lenders, in connection with a US$600 million dual tranche financing granted to Aegea Saneamento e Participações S.A., the largest privately owned water and sewage service provider in Brazil, and its subsidiary Aegea Finance. The total financing included a side-by-side cross-border loan denominated in US dollars and the local offering of debentures denominated in Brazilian reais by Aegea.
Aegea will use the proceeds of the financing to fund “blue projects,” which are projects related to infrastructure for clean and/or drinking water, wastewater treatment and solid waste management, as well as investments in research, design, development and implementation of efficient and clean water and wastewater systems.
The Milbank team advising the banks was led by Corporate Finance and Securities partners Tobias Stirnberg and Carlos Albarracín, and included associates Ana Bueno and Elora Farias, and international attorney Stefania Toschi. The deal team also included partners Andrew Walker and Bijan Ganji, and associates Blake Rocks, Brian Murff and Lauren Trushin.
