United States: Milbank Advises Underwriters In $725 Million Equity Offering By Brazil’s Fibria Celulose
Last Updated: June 11 2012

SÃO PAULO, BRAZIL, April 30, 2012 – Participating in one of the largest public equity deals in Latin America this year, Milbank, Tweed, Hadley & McCloy represented the underwriters in a $725 million (1.35 billion reais) equity offering by Brazil's Fibria Celulose SA.

Fibria (BZ: FIBR3; NYSE: FBR), the world's largest producer of market pulp and a global leader in maintaining sustainable forests, issued 86 million shares. Proceeds are expected to bolster the company's cash position and to reduce its overall debt.

Milbank's Andrew Jánszky, who heads the firm's Sao Paulo office and its Latin American practice, and Tobias Stirnberg, the other resident Sao Paulo partner, led the deal team of associates Michael Kurzer, Matthew Squires and Rafaela Furlan.

Milbank advised the underwriters led by Bank of America Merrill Lynch and Itaú BBA. The underwriter group also included BTG Pactual, Banco Santander, Deutsche Bank and Banco do Brasil. The Fibria transaction is the only SEC-registered equity offering from Brazil in 2012.

Milbank is one of the leading deal advisors in Latin America. In 2011, the firm completed nearly 50 transactions in 20 countries, advising on capital markets, project finance, M&A and other deals with a total value of more than $34 billion.

About Milbank

Milbank, Tweed, Hadley & McCloy LLP is a leading international law firm providing innovative legal solutions to clients throughout the world for more than 140 years. Milbank is headquartered in New York and has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, São Paulo, Singapore, Tokyo and Washington, DC.

The firm's lawyers provide a full range of legal services to the world's leading commercial, financial and industrial enterprises, as well as to institutions, individuals and governments. Milbank's lawyers meet the needs of our clients by offering a highly integrated and collaborative range of services across key practice groups throughout our global network. Milbank's integrated practice is underpinned by our attorneys' acknowledged technical excellence, sectoral expertise and a strong tradition of innovation and client service.

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