An aggregate principal amount of $181.9 million of notes due 2031 were tendered

Davis Polk advised the dealer managers in connection with a cash tender offer and consent solicitation by Hidrovias International Finance S.à r.l., a subsidiary of Hidrovias do Brasil S.A., for any and all of its outstanding 4.950% notes due 2031. The cash tender offer was funded with the proceeds from a concurrent offering of Brazilian debentures. Upon expiration of the tender offer, an aggregate principal amount of $181.9 million of the notes due 2031 were tendered and accepted for purchase by Hidrovias.

Hidrovias is focused on providing integrated waterway logistics, storage and related services, preferably under long-term and take-or-pay contracts as well as shorter-term contracts of one year, including cabotage services, transshipment and loading and unloading services at port terminals, through a broad base of modern assets.

The Davis Polk corporate team included partner Manuel Garciadiaz, counsel Lourenço Lopes-Sabino and associate Alexandre Diniz. Partner Ethan R. Goldman and associate Georgianna Eck provided tax advice. Members of the Davis Polk team are based in the São Paulo and New York offices.

Copy link to share post