Sabesp Raises $500 Million in Blue Senior Notes
Deal News | Aug 05, 2025 | White & Case LLP
Sabesp, the largest sanitation company in Brazil, successfully raised US$500 million through a 5.625% Blue Senior Notes offering due 2030 in the international capital markets. White & Case LLP provided advisory services to initial purchasers Goldman Sachs & Co. LLC, Itau BBA USA Securities, Inc., and J.P. Morgan Securities LLC for this transaction. The issuance was carried out by Sabesp Lux S. r.l., a wholly-owned subsidiary of Sabesp, with the proceeds aimed at supporting eligible blue projects. This represents a significant milestone for Sabesp, marking its first international notes issuance since December 2010. White & Case's Capital Markets team was spearheaded by partners John Guzman and Donald Baker, alongside associates Beatriz Barros and Clara Silva, all based in São Paulo.
Sectors
- Financial Services
- Utilities
- Legal Services
Geography
- Brazil – Sabesp is the largest sanitation company in Brazil and the issuer of the notes.
- USA – Initial purchasers of the notes, including Goldman Sachs, Itau BBA USA Securities, and J.P. Morgan Securities are based in the USA.
Industry
- Financial Services – The article discusses an international note offering, a financial transaction involving capital markets.
- Utilities – Sabesp is a major sanitation company, operating within the utilities sector.
- Legal Services – White & Case LLP, a global law firm, provided legal advisory services for the transaction.
Financials
- US$500 million – The total amount raised from the Blue Senior Notes offering.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sabesp | Issuer | Company | The largest sanitation company in Brazil. |
| Sabesp Lux S. r.l. | Issuer | Company | A wholly-owned subsidiary of Sabesp that issued the notes. |
| Goldman Sachs & Co. LLC | Initial Purchaser | Company | Acted as one of the initial purchasers in the notes issuance. |
| Itau BBA USA Securities, Inc. | Initial Purchaser | Company | Acted as one of the initial purchasers in the notes issuance. |
| J.P. Morgan Securities LLC | Initial Purchaser | Company | Acted as one of the initial purchasers in the notes issuance. |
| White & Case LLP | Legal Advisor | Company | Advised the initial purchasers on the notes offering. |
| John Guzman | Partner | Person | Led the White & Case LLP Capital Markets team on this transaction. |
| Donald Baker | Partner | Person | Led the White & Case LLP Capital Markets team on this transaction. |
| Beatriz Barros | Associate | Person | Part of the White & Case LLP Capital Markets team. |
| Clara Silva | Associate | Person | Part of the White & Case LLP Capital Markets team. |