Alloha Fibra $350 million senior secured notes offering
We advised the issuer on its Rule 144A / Regulation S senior secured notes offering
Davis Polk advised Giga Mais Telecomunicações S.A. (Alloha Fibra) and its subsidiaries Giga Mais Fibra Luxembourg and DB3 Serviços de Telecomunicações S.A. in connection with a Rule 144A/Regulation S offering of $350 million aggregate principal amount of its 11.950% senior secured notes due 2031.
Alloha Fibra operates a 100% fiber-optic network exceeding 145,000 kilometers, delivering broadband connectivity to approximately 1.4 million B2C and diverse B2B clients across 23 Brazilian states. The company’s extensive infrastructure spans 313 cities to advance digital inclusion while retaining scalable potential in 5G and data center expansion.
The Davis Polk capital markets team included partner Manuel Garciadiaz, counsel Lourenço Lopes-Sabino and associate Alexandre Diniz. The tax team included partner Brian Grieve, counsel Yixuan Long and associate Alex (Ang) Gao. Partner Meyer C. Dworkin provided finance advice. Counsel Sarah E. Kim provided ’40 Act advice. Members of the Davis Polk team are based in the São Paulo, New York and London offices.