LOG Commercial Properties Completes R$638 Million Follow-On Offering
11.04.19
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The Firm represented LOG Commercial Properties e Participações S.A. (“LOG”) in connection with a primary follow-on offering of 28,350,000 of its common shares.
The offering raised R$638 million in gross proceeds to LOG. The shares were offered to certain qualified institutional buyers under Rule 144A in the United States, and to non-U.S. persons outside the United States in reliance upon Regulation S. LOG’s shares are traded on the B3 stock exchange under the ticker symbol “LOGG3.”
LOG is a leading company in the Brazilian market for high-end logistics and industrial warehouses, with a portfolio of approximately 1.4 million square meters of gross leasable area located in key regions of Brazil.
The Simpson Thacher team included Grenfel S. Calheiros, Marcelo B. Lorenzen and Luana G. Torres (Capital Markets); and Jonathan Cantor and Edward Grais (Tax).