Tauil & Chequer Advogados advises on Movida debentures issuance

Tauil & Chequer Advogados, in association with Mayer Brown, represented XP Investimentos, Banco Itaú BBA and UBS Brasil Corretora, as underwriters, with regard to Movida’s eighth issuance of debentures. The issuance consisted of two series of debentures: 408,169 debentures in the first series and 591,831 debentures in the second series, totaling 1 million debentures, with a unit face value of R$1000, totaling R$1 billion. The Issuance was carried out through a public offering, under the terms of CVM Rule No. 400. The team was led by the Capital Markets & Securitization partner Bruno Cerqueira, and included associates Flavia Biagiotti, João Bertanha, Pamela Custódio and Anna Carolina Rico de Lima.