Eduarda Lague

Associate, Washington, DC

Biography

Overview

Eduarda is an associate in Washington DC in the Energy, Infrastructure and Project Development & Finance practice. Eduarda's practice focuses on corporate and financial institutions, multilateral organizations and sponsors in project development and financing transactions.

During law school, Eduarda was a Senior Editor on the University of Pennsylvania Journal of International Law.

Bars and Courts
New York State Bar
District of Columbia Bar
Education
Bachelor of Arts
University of Tennessee
Juris Doctor
University of Pennsylvania Law School
Certificate in Business Management
Wharton School of the University of Pennsylvania
Gender, Sexuality & Women’s Studies Graduate Certificate
University of Pennsylvania
Languages
Spanish
English
Portuguese

Experience

Represented BNP Paribas, Banco Santander, Citibank, HSBC, J.P. Morgan, Natixis and Societe Generale in connection with a non-recourse financing of US$700 million of a 456 MW wind project in Brazil being developed by Macquarie Asset Management's Green Investment Group, Hydro Rein and Norsk Hydro in the states of Piauí and Pernambuco, Brazil, one of the largest wind farm clusters in Latin America. This is the first US dollar-denominated renewables project to raise project financing solely from commercial banks in Brazil’s power sector.

Represented IDB Invest in the limited recourse project financing for the Mendubim 531 MWp portfolio of solar photovoltaic power plants, transmission line and associated interconnection facilities located in the municipality of Assú, Rio Grande do Norte State, Brazil.

Represented senior lenders, including multilateral lenders, development finance institutions and a syndicate of commercial banks, BNDES (Brazil's national development bank) in the project financing of the approximately US$3 billion São Paulo Metro Line 6 in Brazil. This is the first-ever limited recourse financing of an infrastructure PPP project in Brazil by BNDES and is currently the largest PPP project under construction in Latin America. (Americas Transport Deal of the Year 2022 – IJ Global; PPP Deal of the Year: São Paulo Metro Line 6, 2022 - Proximo; Transport Deal of the Year: São Paulo Metro Line 6, 2022 - PFI Awards)

Represented the international underwriters and placement agents in the public offering by Centrais Elétricas Brasileiras S.A. – Eletrobras and BNDES of 697,476,856 common shares, including 9,783,100 American Depositary Shares evidenced by American Depositary Receipts, at a price of R$42.00, in a US$6.9 billion transaction. This is the second-largest equity offering ever by a Brazilian issuer. (Capital Markets Deal of the Year - Latin Lawyer)

Represented AEGEA Finance S.à r.l. a wholly owned subsidiary of AEGEA Saneamento e Participações S.A., in connection with its 6.750% Sustainability-Linked Senior Notes due 2029 offering pursuant to Rule 144A and Regulation S under the Securities Act; and a concurrent tender offer in respect of its outstanding US$400 million 5.750% Senior Notes due 2024. The notes were guaranteed by AEGEA Saneamento e Participações S.A., the largest privately owned water and sewage service provider in Brazil based on households served with a 49.5% market share in the private sanitation segment. (Water / Sanitation Financing of the Year - LatinFinance)

Represented the initial purchasers in connection with secured notes issued by Açu Petróleo, a company controlled by Prumo Logística, a portfolio company of EIG Management. Financing included structuring intercompany cash management to facilitate repayment of the notes. (Refinance Deal of the Year - Oil & Gas: Açu Petróleo Refinance, 2022 - IJ Global)

Represented the initial purchasers on the offering of US$300 million aggregate principal amount of 10.000% senior secured notes due February 10, 2027 by Coruripe Netherlands B.V. and guaranteed by S.A. Usina Coruripe Açúcar e Álcool and GTW Agronegócios S.A. Usina Coruripe is a leading Brazilian sugar and ethanol company with five crushing units.

Represented Smart RJ Concessionária de Iluminação Pública in a US$300 million financing for the design, procurement and installation of an intelligent lighting system and other "smart city" technologies (including monitoring cameras, public WIFI systems, traffic lights and smart manholes) in the City of Rio de Janeiro, Brazil.