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Clifford Chance

Jeffrey Susskind

Jeffrey Susskind

Associate

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Associate
Jeffrey Susskind

Jeffrey Susskind focuses his practice on representing sponsors, borrowers and lenders in connection with secured and unsecured credit facilities, export prepayment facilities and international debt restructurings.

  • Represented Morgan Stanley, UBS and Bradesco BBI as initial purchasers on a Rule 144A and Reg S US$200 senior secured notes issuance for the Brazilian petrochemical company Unigel Participações S.A. The notes were secured by assets of its subsidiaries
  • Represented BNP Paribas, J.P. Morgan, Mizuho and Rabobank on an acquisition financing in the total amount of US$9.2 billion, comprising a bridge loan facility and an export prepayment facility, provided to Suzano Papel e Celulose for the US$11 billion acquisition of Fibria to create the world's largest pulp producer
  • Represented Suzano Pulp and Paper Europe S.A. as the borrower in connection with a US$750 million syndicated export prepayment term loan facility agreement involving ten lenders
  • Represented Banco do Brasil, ItauBBA, Santander (Brasil), Bradesco and Banco Indusval on a debt restructuring of four syndicated export prepayment facilities and six bilateral loan facilities, in the total amount of US$235 million and secured by Brazilian assets, to the Unigel Group, a petrochemical and plastics company, that was part of a broader corporate restructuring involving the issuance of local debentures and the sale of a principal subsidiary to an investment fund
  • Represented eight international and Brazilian banks in connection with the restructuring of approximately US$143 million of pre-export loans of Grupo Borrachas Vipal S.A., a leading global manufacturer of tire and inner tube retread and repair products
  • Represented UBS on the Rule 144A and Reg S securitization of government receivables for the development of the integral rail system of Panama City Metro line 2, which involved the first ever issuance of CDNO-backed project bonds
  • Represented the arrangers and lenders with respect to a working capital facility and CPAO term-loan facility for the Lima Metro Line 1 Expansion
  • Represented an international bank on the Rule 144/Reg S securitization of government receivables for the development of the integral rail system of Panama City Metro line 2, which involved the first ever issuance of CDNO backed project bonds
  • Represented RioPrevidência and State of Rio de Janeiro in connection with the securitization of Rio de Janeiro's oil and gas royalties through a dual tranche offering of instruments consisting of an international (144A/Reg S) US$2 billion offering and a local debenture offering of R$2.4 billion (approx. US$1 billion). This was the first ever international securitization of Brazilian oil and gas royalties
  • Represented Planta de Reserva Fría de Generación de Eten in connection with a US$132.8MM offering of project bonds to finance the construction of a new 223 MW cold reserve power plant in Chiclayo, Peru. The first greenfield international project bond in Latin America and the first with a partial credit guarantee from a multilateral; Latin American Project Bond Deal of the Year 2013 and Overall Latin American Deal of the Year 2013, Project Finance Magazine; Project Finance Deal of the Year 2013, IFLR.
  • Represented BESI – Grupo Novo Banco and Credit Suisse, as arrangers and placement agents, in a 4(a)2/Reg S offering of US$273.7 million of project bonds to finance the build-out by TV Azteca’s Peruvian subsidiary Azteca Comunicaciones Peru SAC of Peru´s fiber optic network that will span approximately 13,400 kilometers and connect 180 of the 195 provinces to the Internet
  • Represented the arranger and initial purchaser in a Rule 144A/Reg S offering of project bonds to refinance a 520 MW combined cycle power plant in Central Peru
  • Represented Wells Fargo, N.A., as Documentation Agent and Letter of Credit Issuing Bank, in connection with a US$104 million credit facility extended by The Export-Import Bank of the United States in connection with the purchase of materials by the Government of State of Ceará in Brazil for the construction of an aquarium
  • Represented Wells Fargo, N.A., as Documentation Agent, in connection with a US$48 million credit facility extended by The Export-Import Bank of the United States in connection with the importation of materials for the construction of the Gramacho Landfill Gas Project
  • Represented Banco do Brasil S.A., Grand Cayman Branch, as borrower, in connection with a US$1 billion senior unsecured credit facility to finance working capital. The joint lead arrangers were BNP Paribas, Citibank, N.A., HSBC Bank (USA), N.A., J.P. Morgan Chase Bank, N.A. and Standard Chartered Bank and the syndicate was composed of 21 international banks
  • Represented Standard Chartered Bank, as joint lead arranger, joint lead bookrunner and administrative agent in connection with a US$180 million pre-export facility for Usina de Açucar Santa Terezinha. The syndicate was composed of 15 international bank
  • Represented a bank syndicate in a US$470 million syndicated export prepayment finance facility for a Brazilian cellulose company. The deal was awarded the Trade Finance Deal of the Year for 2011 by Latin Finance
  • Represented a bank syndicate in connection with amendments to a US$235 million pre-export facility for the Unigel Group, a Brazilian conglomerate that operates in the chemical, fertilizer, plastics and packaging sectors
  • Represented Banco do Brasil S.A., New York Branch and Banco Bradesco S.A., New York Branch in connection with a US$250 million pre-export facility for Paranapanema S.A., a major Brazilian copper and copper alloy producer
  • Represented Banco Santander (Brasil) S.A., Grand Cayman Branch in connection with a US$350 million credit-linked note linked to a local bond issuance by OAS S.A., one of the largest Brazilian construction companies
  • Represented Banco Sumitomo S.A. in connection with the issuance of US$200 million of subordinated notes that qualified as Tier 2 capital pursuant to Brazilian banking regulations
  • Represented Amazonia Trade Limited, a subsidiary of Grupo Santander in connection with sale of participation rights in a petrochemical import agreement for Braskem S.A., one of the largest Brazilian petrochemical companies
  • Represented Banco Santander (Brasil) S.A., Grand Cayman Branch, in connection with a US$240 million secured loan structured to leverage Banco Santander (Brasil) S.A.’s liquidity in positions of Brazilian corporate securities (debentures) in order to obtain low cost funding through its Grand Cayman Branch. This was the first transaction to use Brazilian debentures as collateral for an offshore loan. The offshore US dollar loan was provided by a special purpose company established by Nomura International plc which obtained funding from institutional investors through a Rule144A/Reg.S note issuance. Bank of New York Mellon DTVM acted as the local collateral agent and Bank of New York Mellon acted as the trustee
  • Represented Banco Santander (Brasil) S.A., Grand Cayman Branch and Banco ItaúBBA, Nassau Branch in connection with the restructuring of approximately US$149 million of pre-export related credit agreements for USIPAR S.A., a Brazilian steel mill
  • Represented Banco Santander (Brasil) S.A., Grand Cayman Branch in connection with a series of transactions in an aggregate amount of US$1.1 billion that were structured to leverage Banco Santander (Brasil) S.A.’s liquidity in positions of Brazilian government securities in order to obtain low cost funding through its Grand Cayman Branch. Offshore US dollar and Brazilian Real-denominated secured loans were provided by HSBC Bank (USA) N.A., Credit Suisse (Brasil) Ltd., and Deutsche Bank AG London Branch while Banco Santander (Brasil) S.A. provided Brazilian government bonds as collateral
  • Represented a syndicate of international banks in connection with the debt restructuring of Usina São João Álcool e Açucar S.A. (USJAA), a major Brazilian sugar and ethanol producer. The transaction involved the transfer of Brazilian real-and US dollar-denominated debt obligations of USJAA to a joint venture company owned by USJAA and Cargill and the repackaging of the existing debt into a New York law governed dual tranche US$160 million export prepayment credit facility secured by export receivables and a complex Brazilian security package
  • Represented a bank syndicate in the restructuring of US$270 million of pre-export finance related debt of Usina Santa Isabel S.A., a Brazilian sugar and ethanol mill
  • Represented The Royal Bank of Scotland plc in connection with a New York law-governed US$40 million import finance loan facility for Casablanca International Holdings Ltd., a British Virgin Islands subsidiary of the Schahin Group, a major Brazilian conglomerate active in the engineering, real estate development, telecommunications, power and oil and gas sectors. The transaction was guaranteed by Schahin Engenharia S.A. and was secured by drill rigs as well as receivables arising from leasing and service agreements entered into with Petrobras
  • Represented HSBC Bank Brasil S.A. Banco Múltiplo, Grand Cayman Branch in connection with a Brazilian R$640 million loan facility for Credit Suisse AG, Nassau Branch secured by deposits by Credit Suisse of US$400 million and cross-currency swaps intended to hedge the lender's interest rate and exchange rate risk. The transaction was economically a structured cross-currency swap transaction that required analysis of enforceability, collateral and setoff issues in Brazil, the Cayman Islands, the US, UK, Switzerland and the Bahamas
  • Represented Banco Santander (Brasil) S.A., Grand Cayman Branch in connection with a US$40 million revolving borrowing base facility agreement for Citrosuco Trading N.V., a Netherlands Antilles subsidiary of the Fischer Group, which is one of Brazil´s largest exporters of orange juice. The facility was guaranteed by Fischer Comércio Indústria e Agricultura and was secured by an orange juice warehouse in Belgium.
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Career and qualifications

  • Brooklyn Law School (J.D.) 1993
  • Admitted as an Attorney-at-Law in New York 1994
  • Admitted as an Attorney-at-Law in New Jersey 1994
  • University of São Paulo – Faculdade de Direito (LLB) 2007
  • Admitted as an Advogado Estrangeiro in Brazil 2007