We advised Natura on its tender offers and consent solicitations

Davis Polk advised Natura &Co Luxembourg Holdings S.à r.l. in connection with independent cash tender offers and related consent solicitations for up to $550 million of its 4.125% sustainability-linked notes due 2028 and up to $330 million of its senior notes due 2029. Upon expiration of the tender offers, an aggregate principal amount of $550 million of the notes due 2028 and an aggregate principal amount of $330 million of the notes due 2029 were tendered and accepted for purchase by Natura.

Natura &Co is a global, purpose-driven, multi-channel and multi-brand cosmetics group which includes Avon, Natura and The Body Shop.

The Davis Polk corporate team included Manuel Garciadiaz, Lourenço Lopes-Sabino and Luis Felipe Sousa. The tax team included Kara L. Mungovan, Omar Hersi and Yueyu Yang. Members of the Davis Polk team are based in the São Paulo and New York offices.