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Telemar Norte Leste obtains $1.2 billion term loan facility

December 2015

Client(s) Telemar Norte Leste S.A.

Jones Day advised Telemar Norte Leste S.A., Brazil's largest telecommunications company, in connection with a $1.2 billion term loan facility provided by China Development Bank Corporation. The facilities were guaranteed by Telemar's parent company Oi S.A. and consisted of a $600 million delayed draw term loan facility for the acquisition of equipment and services from Huawei Technologies Co., Ltd. and a $600 million term loan to refinance certain existing indebtedness of Telemar.

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