David Contreiras Tyler has extensive experience advising issuers, project sponsors, underwriters, initial purchasers, placement agents, and investors on public and private offerings of debt and equity securities, with a focus on capital markets and securitization transactions originating in Latin America. He is adept at structuring and advising on a wide range of financing solutions for corporate, sovereign, multilateral development, and financial institution clients.
David’s practice spans several product areas, including, among others, unregistered securities offerings under Rule 144A and Regulation S, private placements of debt securities, equity transactions (primarily IPOs and follow-on offerings for Latin American issuers), structured finance transactions, project bonds, and liability management transactions. In addition to his extensive experience in capital markets transactions, David also has significant experience in various facets of the practice of corporate and securities law and is highly adaptable to working on a multitude of types of transactions and projects for corporate clients.
A dual U.S. and Brazilian national, David has native fluency in English and Portuguese and a cultural understanding of Latin America that enables him to provide effective counsel in transactions involving regional institutions in a variety of industry sectors.
Prior to joining Womble, David practiced at international law firms in New York and São Paulo, Brazil, and was a lawyer at the Inter-American Development Bank in Washington, D.C. He draws on this experience when addressing legal and business concerns from a client’s perspective and structuring innovative financing solutions.
Representative Experience
Any result the lawyer or law firm may have achieved on behalf of clients in other matters does not necessarily indicate similar results can be obtained for other clients.
- Represented South American issuer in the energy sector in connection with an exchange offer of approximately US $2.4 billion and multiple debt offerings pursuant to Rule 144A and Regulation S in an aggregate amount of US $12.5 billion.
- Represented lead managers in establishing securitization program for oil royalties payable to the pension fund of the state of Rio de Janeiro, Brazil, and in the three subsequent note offerings from such structure in the amount of US$4 billion.
- Represented structuring agents in securitization of revenues from a drillship operated by a Brazilian operator in the oil and gas industry.
- Advised issuers, arrangers, and investors in connection with multiple offerings of notes and loan participations in securitizations of diversified payment rights (DPRs) by Brazilian financial institutions, including Banco do Brasil, Banco Bradesco, Itaú Unibanco, and Banco Santander, totaling approximately US$2.5 billion.
- Represented placement agents and investors in private placement transactions for Latin American and Caribbean issuers in the energy industry.
- Represented Central American issuer in the food and beverage industry in connection with multiple debt offerings pursuant to Rule 144A and Regulation S.
- Represented the Inter-American Development Bank on a multitude of private and public offerings of debt securities to finance economic development operations in Latin America, with offering amounts ranging from approximately US$10 million to US$1.5 billion. Represented Caixa Seguridade, the insurance unit of Caixa Econômica Federal, in its R$4.35 billion initial public offering listed on Brazil’s B3 exchange.
- Represented Banco BMG, a Brazilian financial institution, in its R$1.6 billion IPO listed on the B3 exchange.
- Represented Bemobi Mobile Tech, a Brazilian distributor of mobile applications and digital services, in its R$1.3 billion IPO listed on the B3 exchange.
- Represented placement agents on the B3 exchange listed R$2 billion IPO of IRB-Brasil Resseguros, one of Brazil’s largest reinsurers.
- Represented placement agents on the B3 exchange listed R$1.1 billion IPO of Intelbras S.A., a provider of security and communications equipment.
- Represented placement agents on the B3 exchange listed R$1 billion IPO of PetroRecôncavo, a Brazilian company focused on oil exploration and production.
- Represented placement agents on the B3 exchange listed R$818 million IPO of Unifique Telecomunicações, a telecommunications operator and provider of broadband services in Brazil.
Honors & Awards
- Recognized in Legal 500 US, Finance: Capital Markets: Equity Offerings, 2018
Professional Engagement
- New York City Bar Association
- OAB (Ordem de Advogados do Brasil)
Thought Leadership
- Co-Author, “Brazil’s ANPD Approves the Regulation on Dosimetry and Application of Administrative Sanctions,” February 28, 2023
- Co-Author, “New Regulatory Framework for Public Offerings in Brazil Comes Into Force,” January 19, 2023
- Co-Author, “Analysis of Key Foreign Investment Jurisdictions: Brazil,” GCR Foreign Direct Investment Regulation Guide, Second Edition, November 2022
- Co-Author, “Brazil’s Central Bank Issues Social, Environmental and Climate Risks and Opportunities Report,” December 14, 2021
- Co-Author, “Update on the Open Banking System in Brazil,” December 2, 2021
- Co-Author, “Brazilian Central Bank Regulatory Sandbox,” March 30, 2021
- Co-Author, “Debt Capital Markets – Global Insights – Spring 2020,” February 24, 2020
- Speaker, “Capital Market Alternatives for Brazilian Borrowers,” Brazilian-American Chamber of Commerce, December 6, 2019
- Co-Author, “Privatization Initiatives to provide opportunities for foreign investment in Brazil,” February 22, 2019
- Speaker, “Recent Developments in Capital Markets,” Columbia Law School Brazilian Association, CLS Brazil Forum: Challenges and Perspectives, 2017
Languages
- Portuguese
