Banco Votorantim $500 million offering under global MTN program

Davis Polk advised Banco Votorantim S.A. in connection with the update of its global medium-term note program and offering thereunder of $500 million aggregate principal amount of 4.375% global medium-term notes due 2025, pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended.

Banco Votorantim is the 5th largest private bank in Brazil (according to the Brazilian Central Bank ranking) and operates in corporate and investment banking, asset management, private banking and retail segments. Banco Votorantim is jointly controlled by Votorantim Finanças S.A. (a subsidiary of Votorantim S.A.) and Banco do Brasil S.A.

The Davis Polk corporate team included partner Maurice Blanco, counsel James Vickers, European counsel John Taylor and associate Elliot M. de Carvalho. Partner Mario J. Verdolini and associate Talya Presser provided tax advice. Associate Allison Gunther provided 1940 Act advice. Members of the Davis Polk team are based in the New York, London and São Paulo offices.