​TozziniFreire Advogados in São Paulo have helped Brazilian airline TAM Linhas Aéreas obtain a US$200 million loan from Citibank.

Davis Polk & Wardwell LLP in New York and the São Paulo office of Pinheiro Neto Advogados advised Citibank. The transaction closed on 28 September.

It is thought Clifford Chance LLP in New York also advised TAM Linhas Aéreas, but this could not be confirmed prior to publication.

The transaction is guaranteed by TAM, while another division of Citibank is acting as hedge provider to the TAM companies.

Counsel to Tam Linhas Aéreas

In-house counsel Aline Messias and Rafael Goto Foja

TozziniFreire Advogados

Partner Kenneth Ferreira and associate Ana Claudia Pires Alves in São Paulo

Counsel to Citibank

In-house counsel to Citigroup Global Markets - Michael Caravella

In-house counsel to Banco Citibank - Daniel Fazzolari, Fernanda Yasaki and Mariana Delascio

Davis Polk & Wardwell LLP

Partner James Vickers and associates Adela Troconis and Vinay Prabhakar in New York

Pinheiro Neto Advogados

Partner Tiago Araujo Dias Themundo Lessa and associates Rafael Gaspar, Fábio Moretti de Góis in São Paulo