Victor's practice spans the full range of corporate commercial matters, with an emphasis on capital markets and debt finance transactions.
Clients value Victor’s ability to handle transactions that range from straightforward bilateral credit facilities to complex syndicated loans, sometimes involving more than 20 participants. His debt finance deals have involved him representing borrowers, international and regional financial institutions, as well as multilateral lenders and export credit agencies.
Victor was previously based in the São Paulo office and is fluent in Portuguese, Spanish and English. He has a truly international outlook and works with our established teams in all the major financial markets to secure the best outcomes for his clients.
Victor advises clients in debt finance transactions, Rule 144A and Regulation S bond issuances, initial equity and follow-on equity offerings and the full range of stand-alone and concurrent liability management transactions, including consent solicitations and tender and exchange offers.
JBS S.A., 2006–ongoing
Victor advised JBS S.A., the world's largest protein company, on capital markets transactions that raised a total of more than US$5.7 billion. These numerous deals included JBS S.A.'s initial and follow-on international equity offerings and JBS USA, LLC’s Rule 144A and Regulation S offer and sale as issuer of US$500 million 7.25% senior notes due 2021. This transaction also involved the borrowing of US$500 million in incremental term loans and a tender offer and consent solicitation for US$700 million 11.625% notes due 2014.
Votorantim Participações S.A. (VPAR), 2004–ongoing
Victor has represented the Brazilian holding company for the Votorantim Group, one of the largest industrial groups in Brazil, in numerous debt capital markets and bank finance transactions since 2004. These deals include a US$1.5 billion five-year revolver facility and a US$1.15 billion secured export prepayment facility, which was awarded Americas Commodity-Related Deal of the Year by Trade Finance. A total of 20 banks participated in both facilities.
The Odebrecht Group, 2001–ongoing
Victor has assisted the Odebrecht Group, including Construtora Norberto Odebrecht S.A. (CNO), the largest engineering and construction company in Latin America, with numerous capital markets issuances and syndicated financings. He acted for Odebrecht Finance Limited and CNO, as guarantor, in connection with its offering of US$500 million 5.250% notes due 2029 and concurrent tender offer and consent solicitation for its existing 7.00% notes due 2020. Victor also advised Odebrecht Overseas Limited, as borrower, in a US$605 million revolving credit facility provided by a syndicate of lenders.
Lead arrangers in a revolving export credit facility, 2013
Victor acted for the lead arrangers in a syndicate of 16 lenders, in the negotiation and execution of a US$2 billion senior revolving export credit facility for Vale S.A., the world's second-largest mining company. He also acted for the lead arrangers in a syndicate of 27 lenders, in the negotiation and execution of a US$3 billion senior revolving export credit facility for Vale S.A. This transaction was named Latin American Loan of the Year by International Financing Review (IFR).