Media Coverage
Source: The Latin Lawyer, The Daily Journal
Media Coverage
Press Contacts: Erik Cummins, Matt Hyams, Olivia Thomas
05.05.16
For the second time in four months, a Pillsbury team has helped NuBank close a multimillion dollar deal. The firm advised the Brazilian digital credit card provider in a partnership with Goldman Sachs Group Inc. to establish two new credit lines worth a combined total of $53 million.
The deal, which closed on April 22, includes a $25 million revolving line of credit and a second line equivalent to $28 million.
In January, Pillsbury advised Nubank in a $52 million capital raise. The credit card provider operates through smartphones rather than conventional branches, which allows it to charge lower interest rates.
The Pillsbury team was led by Corporate & Securities partner Eric Save and included fellow C&S partner Andre Brewster and associates Maria Cho and Corey Harris, along with Finance partners Daniel Richards and Charlotta Otterbeck and associate Paulo Varnieri.