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News Jul 17, 2014

Shearman & Sterling Advises on Tupy Overseas S.A’s $350 Million Senior Notes Offering

Shearman & Sterling represented BB Securities Ltd., Banco Bradesco BBI S.A., Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC as initial purchasers in connection with the offering of US$350 million 6.625% senior notes due 2024 issued by Tupy Overseas S.A., and guaranteed by its parent company Tupy S.A.

Tupy S.A. is a leading producer of cast iron engine blocks and cylinder heads for the automotive industry, as well as hydraulic iron pipe fittings and related products.

The following Shearman & Sterling team advised the initial purchasers in the transaction: partner Robert Ellison (São Paulo-Capital Markets) and associates Brian Bishop (New York-Capital Markets), Tarik Gause (São Paulo-Capital Markets), Jennifer Lau (São Paulo-Capital Markets), Jeffrey Tate (Washington, DC-Tax) and Matthew Wochok (Washington, DC-Tax).