PAULO PADIS

Partner

ppadis@padismattar.com.br

+ 55 11 3185 6800

 

Paulo Padis is partner of Padis Mattar Advogados. Paulo has worked in some of the most prestigious law firms in Brazil and was previously a founding partner of Stocche Forbes Padis Filizzola Advogados in 2012. Paulo’s practice focuses on cross-border debt and equity transactions, lenders’ and bondholders’ advisory on restructuring processes, distressed M&A transactions, and non-banking structured financings (mostly credit/hedge funds). Among notable engagements, Paulo has advised Mubadala on the restructuring of its investment in the EBX group and the joint acquisition by Mubadala and trading company Trafigura of Porto Sudeste do Brasil S.A. at an enterprise value of over BRL 4 billion. On the restructuring front, Paulo has advised the committee of bondholders led by fund Solus, Attestor and Centerbridge in the debt restructuring of Oi S.A., and is currently advising the committee of EPP lenders in the restructuring of Samarco, a Brazilian mining fund. In addition, Paulo has advised Centerbridge in the mezzanine financing to Actis LP for the development of renewable energy company Atlantic, and to Lone Star Funds in the financing of Atvos Agroindustrial. Paulo has been recognized by publications such as Chambers and Partners, IFLR and Legal500 as one of the most prominent legal professionals in Brazil.

 

Notable Experience

 

Advised:

 

Group of hedge funds and Japanese banks in the USD 1.6 billion new loan to Samarco Mineração S.A. after the dam collapse in Mariana, Minas Gerais, in 2015;

 

Zaff, LLP as financial sponsor and resulting controlling shareholder of Itafos (formerly MBAC Fertilizer Corp.) in connection with the concurrent restructuring of Itafos under the CCAA in Canada and parallel proceedings in Brazil resulting in a reduction of approximately US$307M of debt;

 

International investors in the BRL1 billion debenture issuance of Atvos Agroindustrial Participações S.A.;

 

Solus Alternative Asset Management, bondholder and backstop commitment provider of Oi S.A. and its subsidiaries in the judicial restructuring of approximately R$64 billion of the company’s debt, the largest private sector debt restructuring in Latin American history;

 

Ad hoc group of secured and unsecured bondholders and secured lenders of Tonon Bioenergia in the judicial restructuring of more than $900 million of the Tonon’s debt, including the sale by Tonon of an unidade produtiva isolada (UPI) consisting of two of the company’s three sugar cane processing mills to Raizen, with proceeds of the sale distributed to creditors;

 

Castlelake, LP in the restructuring of BRL3.9 billion debt of Queiroz Galvão Energia S.A., including the negotiation of pre-packaged plans and the filing of extrajudicial reorganization proceedings;

 

EDUCATION

 

London School of Economics and Political Science (LSE)

LL.M (Master of Laws)

 

Faculdade de Direito da Universidade de São Paulo (USP)

LLB (Bachelor’s degree)

 

INTERNATIONAL PROFESSIONAL EXPERIENCE

 

Mayer Brown International LLP

London, UK

 

LANGUAGES

 

Portuguese, English