Simpson Thacher Advises the Initial Purchaser in US$80 Million Reopening of Senior Secured Notes Offering by FS Luxembourg
10.05.21
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Simpson Thacher represented Morgan Stanley & Co. LLC as initial purchaser in connection with the offering pursuant to Rule 144A and Regulation S of FS Luxembourg S.à r.l.’s (“FS Luxembourg”) of US$80 million aggregate principal amount of additional 10% Senior Secured Notes due 2025. The additional notes constituted a reopening of the US$600 million aggregate principal amount of notes (US$550 million initially issued on December 15, 2020 and US$50 million issued on January 21, 2021) increasing the aggregate principal amount of the series to US$680 million.
FS Luxembourg is a wholly owned financing subsidiary of FS Agrisolutions Indústria de Biocombustíveis Ltda., the largest corn-based ethanol producer in Brazil and one of the largest low-cost, low-carbon producer of biofuels, animal nutrition products and renewable energy in Brazil.
The Simpson Thacher team for the transaction included Grenfel S. Calheiros, Alejandro de Ramon-Laca, Winnie Y. Loureiro and Julia Pinheiro (Capital Markets); and Jonathan E. Cantor (Tax).