Carey Olsen advises on Ambipar’s $750 million Senior Unsecured Green Notes
Carey Olsen's corporate team in the Cayman Islands has advised Ambipar Emergency Response (NYSE:AMBI) (Response), a sister company of Ambipar Lux S.à r.l. (the Issuer) and a subsidiary of Ambipar Participações e Empreendimentos S.A. (B3:AMBP3) (Ambipar), in connection with the inaugural bond offering of US$750 million aggregate principal amount of 9.875% Senior Unsecured Green Notes due 2031 (the Notes) to eligible purchasers pursuant to Rule 144A/Regulation S. The issuance closed on 6 February 2024.
The Notes are guaranteed by Ambipar, Environmental ESG Participações S.A. and, subject to certain limitations, Response.
The Notes bear interest at the rate of 9.875% per annum and are callable after 6 February 2027. The net proceeds from the Notes will be used for the repayment of indebtedness and the remainder (if any) for general corporate purposes.
Carey Olsen partners Alistair Russell, Dylan Wiltermuth and associate Nicholas Vasic from the Cayman Islands office advised Ambipar Emergency Response, alongside US counsel Simpson Thacher.
Ambipar provides environmental, emergency response and industrial field services, serving over 15,000 clients in more than 40 countries.
