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)
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SOURCE Sabesp