SÃO PAULO, June 10, 2021
/PRNewswire/ -- Companhia de Saneamento Básico do Estado de São
Paulo – Sabesp ("Company"), in compliance with Rule No. 358 issued
by the Brazilian Securities and Exchange Commission ("CVM"), dated
as of January 3, 2002, as amended,
hereby informs its shareholders and the market in general that, on
this date, it was approved, in the 942th meeting of
the Board of Directors of the Company, the
28th issuance of simple, unsecured and
non-convertible debentures, in up to three 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 up
to one billion and two hundred million reais (R$ 1,200,000,000.00) ("Debentures" and "Offer",
respectively), on the respective issuance date, provided that it
shall be admitted partial distribution of the Debentures, noted
that the issuance is conditioned to the issuance of, at least, one
billion reais (R$ 1,000,000,000.00),
being, at most, three hundred million reais (300,000,000.00) of the
first series.
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; (iii) the final interest to be used
in connection to the remuneration of each series; and (iv) the
total amount of the Offer, through the cancellation of any
Debentures not placed.
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 2021 and to replenish 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