BRAZIL Law and Practice Contributed by:
Colombia
Ecuador
Brazil
Peru
Brasilia
Bolivia
Rio de Janeiro São Paulo
Paraguay
Chile
Argentina
Caio Ferreira Silva, Thiago Braga Junqueira, Vinícius Pimenta Seixas and Rodrigo Vieira Pinheiro Neto Advogados
Contents 1. Market p.64 1.1 Major Lender-Side Players p.64 1.2 Corporates and LBOs p.64
2. Documentation p.65 2.1 Governing Law p.65 2.2 Use of Loan Market Association (LMA) Agreements or Other Standard Loans p.67 2.3 Language p.67 2.4 Opinions p.67 3. Structures p.68 3.1 Senior Loans p.68 3.2 Mezzanine/Payment-in-Kind (PIK) Loans p.69 3.3 Bridge Loans p.69 3.4 Bonds/High-Yield Bonds p.69 3.5 Private Placements/Loan Notes p.69 3.6 Asset-Based Financing p.70 4. Intercreditor Agreements p.71
4.1 Typical Elements p.71 4.2 Bank/Bond Deals p.71 4.3 Role of Hedge Counterparties p.71 5. Security p.72 5.1 Types of Security Commonly Used p.72 5.2 Form Requirements p.73 5.3 Registration Process p.73 5.4 Restrictions on Upstream Security p.74 5.5 Financial Assistance p.74 5.6 Other Restrictions p.74 5.7 General Principles of Enforcement p.75 6. Guarantees p.76 6.1 Types of Guarantees p.76 6.2 Restrictions p.77 6.3 Requirement for Guarantee Fees p.77
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