SÃO PAULO, Oct. 28, 2021
/PRNewswire/ -- Companhia de Saneamento Básico do Estado de
São Paulo – SABESP ("SABESP" or "Company"), in compliance with the
terms set forth in Resolution of the Comissão de Valores
Mobiliários ("CVM") No. 44, of August
23, 2021, hereby informs its shareholders and the Market
that, on this date, it was approved, in the 953th meeting of the
Board of Directors of the Company ("RCA"), the consummation of the
29th (twenty ninth) debenture issuance, with the following
characteristics: simple, non-convertible, unsecured, in up to three
series ("Debentures"), for public distribution, pursuant to CVM
Instruction No. 400 of December 29,
2003, as amended ("CVM Instruction 400") and "Código
ANBIMA de Ofertas Públicas" in force since May 6, 2021 ("Issuance" and "Offer",
respectively), in the initial amount of R$
1,250,000,000.00 (one billion two hundred and fifty million
reais), on the respective Issuance Date, without the
possibility of partial distribution and subject to possibility of
the Company's option to exercise, fully or in part, the increase of
the Debentures that may be placed under the Offer by up to 20%
(twenty percent) in relation to the originally offered amount,
without the need of new CVM's registration request or changes in
the terms of the Offer, pursuant to the paragraph 2 of article 14
of CVM Instruction 400 ("Hot Issue").
The bookbuilding process will be adopted, arranged by the
Coordinators, pursuant to the paragraphs 1 and 2 of article 23 and
article 44 of CVM Instruction 400, with receipt of reservations,
for the examination of the demand by the Debentures on different
interest rate levels ("Bookbuilding Process") and to define, with
the Company: (i) the existence of the second series of the
Issuance; (ii) the amount of Debentures to be allocated in each
series of the Issuance, subject to the minimal amount to be
allocated for the third series of the Issuance; (iii) the final
rate of the remuneration of the first series of the Issuance, the
final rate of the second series of the Issuance, in case of there
any, the final rate of the third series of the Issuance and the
placing or not placing of the additional debentures, in the terms
of the Hot Issue, as well as the series where should be allocated
this additional debentures and, consequently, the aggregate amount
of the Offer. The issuance deed will be subject to an amendment to
reflect the result of the Bookbuilding Process under the terms and
conditions that should be ratified by the meeting of the Board of
Directors of the Company, without the need for a new approval of
the debenture holders assembled in an General Meeting of
Bondholders. The result of Bookbuilding Process will be disclosed
by means of the Offer's Announcement of Commencement, pursuant the
article 23, paragraph 2, of CVM Instruction 400.
The funds proceeding from the raising by means of the first
series of the Issuance will be intended to refinance the financial
commitments which is becoming due and to recover the cash of the
Company.
The second series of the Issuance and the third series of the
Issuance will be subject to the article 2 of Law No. 12,431, of
June 24, 2011, as amended ("Law No.
12,431"). Under article 2 of Law No. 12,431, Decree No. 8,874, as
amended ("Decree No. 8,874"), Resolution No. 3,947, of January 27, 2011 ("Resolution No. 3,947"), of
Conselho Monetário Nacional ("CMN"), the funds
proceeding from the raising by means of the second series of the
Issuance and the third series of the Issuance will be intended for
investment, future payment or reimbursement of expenses or
obligations disbursed in a period equal or inferior to 24 (twenty
four) months before the end of the Offer, related to the execution
of investments projects on water supply and sewage systems on
municipalities of the State of São Paulo.
This material fact does not constitute an offer, invitation or
request of offer to acquire the Debentures. Nor this material
fact nor any information contained herein shall constitute basis
for any contract or compromise.
The Offer will only begin after: (i) the granting of its
registration by CVM; (ii) the announcement of the beginning of the
Offer; and (iii) the availability of the definitive prospectus of
the Offer to investors, pursuant to CVM Instruction 400. In
addition, the realization of the Offer will be subject to, among
other factors, market conditions.
Timely will be issued notice to the market, pursuant article 53
of CVM Instruction 400, containing information on: (i) the
characteristics of the Offer; (ii) the places to obtain the
preliminary prospectus of the Offer; (iii) the esteem dates and
places of disclosure of the Offer; and (iv) the terms, the
procedure and the date to the realization of the Bookbuilding
Process. The Company will keep the market and its shareholders
informed about the development of the Offer.
The terms used by this Material Fact that are not defined herein
have the same meaning as those assigned to them in the minutes of
RCA.
In accordance with the applicable regulations and according to
the rules of conduct laid down therein, additional information
about the Company and the Issuance will be obtainable on CVM's
website (http://www.cvm.gov.br) 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)
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SOURCE Sabesp