Milbank Advises Underwriters In $725 Million Equity Offering By Brazil's Fibria Celulose

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...