Simpson Thacher represented Ambipar Lux S.à.r.l. (“Ambipar Lux”) and Ambipar Participações e Empreendimentos S.A. (“Ambipar”), Environmental ESG Participações S.A. (“Environmental ESG”) and Ambipar Emergency Response (together with Environmental ESG and Ambipar, the “Guarantors”), in connection with the issue and sale of US$400,000,000 aggregate principal amount of Ambipar Lux’s 10.875% Green Notes due 2033 (the “Notes”).
BofA Securities, Inc., Banco Bradesco BBI S.A., Itau BBA USA Securities, Inc. and UBS Securities LLC acted as initial purchasers for the offering. The Notes were offered to qualified institutional buyers in the United States under Rule 144A and to non-U.S. persons in reliance on Regulation S.
Ambipar Lux intends to use the net proceeds from the offering for the repayment of certain indebtedness, including the repurchase of the 9.875% Green Notes due 2031 (the “2031 Green Notes”). Simpson Thacher is also representing Ambipar Lux and Ambipar in a concurrent cash tender offer for the 2031 Green Notes.
Ambipar is a leading one-stop shop platform that offers comprehensive environmental prevention solutions towards a circular and decarbonized economy with focus on protecting the environment, serving over 25,000 clients in more than 41 countries across the world.
The Simpson Thacher team included Grenfel S. Calheiros, Siddharth Fresa and Isabela C. Sanchez (Capital Markets); and Jonathan Cantor (Tax).