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Simpson Thacher Advises the Dealers in US$250 Million Reopening of Bond Offering by Banco BTG Pactual S.A.

07.12.21

Simpson Thacher represented BTG Pactual US Capital, LLC, UBS Securities LLC and Credit Suisse Securities (USA) LLC as dealers in connection with the offering by BTG Pactual S.A., acting through its Cayman Islands branch (“BTG Pactual”), of US$250 million 4.5% Senior Notes due 2025 (the “Bonds”). The Bonds were issued under BTG Pactual’s MTN Programme, in reliance on Rule 144A and Regulation S, and will be consolidated, form a single series, and be fully fungible, with the BTG Pactual’s outstanding (1) US$500 million 4.5% Notes due 2025 issued on December 10, 2019 and (2) US$250 million 4.5% Notes due 2025 issued on January 17, 2020.

BTG Pactual is a financial institution with origin and headquarters in Brazil, acting in the main Latin American markets. The proceeds of the Bonds will be used for general corporate purposes.

The Simpson Thacher team for the transaction included Grenfel S. Calheiros, Luiz Noronha and Raissa Fini (Capital Markets – São Paulo); Clare Gaskell and Lloyd Wood (Capital Markets – London); and Jonathan E. Cantor and Kris Liu (Tax).