Linklaters Advises PRIO S.A. on US$700 Million Senior Notes Offering and Any-and-All Cash Tender Offer

A cross-border Linklaters team advised PRIO S.A., a leading independent oil and gas company in Brazil, in connection with the issuance of US$700 million in aggregate principal amount of 6.750% senior notes due 2030 by PRIO Luxembourg Holding S.à r.l., guaranteed by PRIO S.A., PRIO Comercializadora Ltda., PRIO Bravo Ltda., PRIO Forte S.A., and PRIO Tigris S.A.

Linklaters’ work also included advising PRIO S.A. on a concurrent any-and-all cash tender offer that resulted in the repurchase of US$431 million of its previously issued 6.125% senior secured notes due 2026.

The Linklaters team was led out of São Paulo by Partner Matthew Poulter and included Senior Associate Thomas Lemouche and Staff Attorney Letícia Correia.

In New York, the team included Tax Partner Gabriel Grossman and Tax Associates Young Jin Kim and Flavio Amorim.

In Luxembourg, the team comprised Capital Markets and Banking Partner Melinda Perera, Tax Partner Joakim-Antoine Charvet, Tax Senior Managing Associate Adrien Piron, Tax Managing Associate Delphine Martel, Capital Markets and Banking Managing Associate Evgeny Tikhomirov, Capital Markets and Banking Associate Juan Ignacio Gomeza, and Tax Associate Gaëtan Molina.

Linklaters has practiced in Latin America for decades and the firm was one of the first international firms to open an office in Brazil in 1997. With a growing team of Latin America-focused lawyers across the firm’s New York, Washington, D.C., and São Paulo offices, the firm continues to increase its presence in the Latin America region and deepen existing relationships with leading local law firms. Linklaters is highly ranked across key Latin America legal directories including Chambers, Legal 500, and Latin Lawyer.