Davis Polk advised the initial purchasers in connection with a $350 million offering of 5.250% notes due 2029 by Ultrapar International S.A., unconditionally guaranteed by Ultrapar Participações S.A. and Ipiranga Produtos de Petróleo S.A. The notes are a reopening of bonds issued on June 6, 2019. The notes were issued pursuant to Rule 144A and Regulation S under the Securities Act.

Ultrapar is a Brazilian company with more than 80 years of history, with leading positions in the markets in which it operates: oil & gas sector through Ipiranga, Ultragaz and Ultracargo, specialty chemicals through Oxiteno and retail pharmacy through Extrafarma.

The Davis Polk corporate team included Manuel Garciadiaz and Elliot M. de Carvalho. The tax team included Mario J. Verdolini and Shay Moyal. Members of the Davis Polk team are based in the São Paulo and New York offices.

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