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Sabesp - Material Fact: Approval of the 30th Issue of Debentures

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Companhia de Saneamento Basico do E. 18,00 € Companhia de Saneamento Basico do Estado de Sao Paulo ADR Chart -0,28%
Zugehörige Wertpapiere:

SÃO PAULO, Feb. 10, 2022 /PRNewswire/ -- Companhia de Saneamento Básico do Estado de São Paulo – Sabesp ("Company"), in compliance with the terms set forth in Resolution of the Brazilian Securities and Exchange Commission ("CVM") No. 44, of August 23, 2021, hereby informs its shareholders and the market in general that, on this date, it was approved, in the 961st meeting of the Board of Directors of the Company, the 30th issuance of simple, unsecured and non-convertible debentures, in up to two series, for public distribution, with restricted placement efforts, pursuant to CVM Rule No. 476, dated as of January 16, 2009, as amended ("CVM Rule 476"), in the total amount of one billion reais (R$ 1,000,000,000.00) ("Issuance", "Debentures" and "Offer", respectively), on the respective issuance date, provided that it shall not be admitted partial distribution of the Debentures.

It shall be adopted the procedure for collecting the investment intentions of the potential professional investors (bookbuilding procedure) in the Debentures, in order to define together with the Company: (i) the number of series of the Offer; (ii) the number of Debentures to be placed in each series of the Offer, according to communicating vessels system; and (iii) the final interest to be used in connection to the remuneration of each series.

The Offer will target professional investors only, in compliance with Articles 11 and 13 of CVM Resolution 30, of May 11, 2021, and Article 2 of CVM Rule 476. According to Article 3 of CVM Rule 476, the Offer will be presented to a maximum of seventy-five (75) professional investors, though the Debentures may only be subscribed by a maximum of fifty (50) professional investors. The process of structuring the Offer and distribution of the Debentures will be undertaken by a consortium of financial institutions belonging to the Securities Distribution System.

The proceeds from the issuance and offering of the Debentures will be used to the refinance of its financial commitments maturing in 2022 and to replenish and reinforce the Company's cash position.

This Material Fact is disclosed by the Company exclusively for informative purposes, in accordance with current regulations, and should not be interpreted or considered, for all legal purposes, as a material or effort to sell or offer.

In accordance with the applicable regulations and according to the rules of conduct set forth therein, additional information about the Company and the Offer shall be viewed on CVM's website (http://www.gov.br/cvm) and the Company's website (https://ri.sabesp.com.br).

IR Contacts:
Mario Arruda Sampaio – (55 11) 3388-8664 (maasampaio@sabesp.com.br)
Angela Beatriz Airoldi – (55 11) 3388-8793 (abairoldi@sabesp.com.br)

Cision View original content:https://www.prnewswire.com/news-releases/sabesp--material-fact-approval-of-the-30th-issue-of-debentures-301480337.html

SOURCE Sabesp


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Avatar des Verfassers
21.12.2021 - 23:32 Uhr
aoliver84
ADR
https://youtu.be/gg4g_ouxYMc Anbei ein Video zum Thema ADR und der Erkenntnis, dass man direkt am Unternehmen beteiligt ist und im Falle der Insolvenz des Emittenten nicht enteignet wird
Avatar des Verfassers
25.08.2021 - 09:17 Uhr
aoliver84
achso ja
Ja kenne ich, Rushydro und Sabesp sind leider so. Aber will sie unbedingt halten, weil hier die Rendite noch stimmt. Grundsätzlich gefallen mir die anderen Aktienformen auch besser.
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