Davis Polk advised Raízen Fuels Finance S.A., as issuer, and Raízen Combustiveis S.A. and Raízen Energia S.A., as guarantors, in connection with Raízen Fuels’ $500 million offering of 5.300% senior notes due 2027, which were issued pursuant to Rule 144A and Regulation S under the Securities Act.

Raízen is a joint venture between Cosan S.A. Industria e Comercio and Royal Dutch Shell plc. Raízen Combustíveis is primarily engaged in the distribution and sale of ethanol and other fuels and in the sale and import and export of natural gas, automotive lubricants and other products. Raízen Energia is primarily engaged in the production and sale of sugar and ethanol and cogeneration of electricity.

The Davis Polk corporate team included Manuel Garciadiaz and Lourenço Lopes-Sabino. The tax team included Michael Farber. Brantley Hawkins provided 1940 Act advice. All members of the Davis Polk team are based in the São Paulo and New York offices.