TOTVS (TOTS3) approved, at a board meeting held on August 13, 2026, the 7th issuance of simple debentures (debt securities issued by companies), not convertible into shares, in the total amount of R$ 1.5 billion. The debentures, unsecured and in a single series, will be publicly distributed under the automatic registration procedure, intended exclusively for professional investors and with firm underwriting for the entire offering.
Each debenture will have a unit par value of R$ 1,000 on the issue date and will bear interest corresponding to 100% of the DI Over Rate, plus a surcharge capped at 0.59% per year, both calculated on a 252-business-day basis. The exact definition of the surcharge will take place during the bookbuilding process, as provided for in the indenture.
The securities will mature on September 2, 2033, except in the event of optional acquisition for cancellation of all debentures, early redemption, or acceleration, under the terms of the indenture.
According to TOTVS, the net proceeds from the 7th issuance will be fully used for the early redemption of all simple, non-convertible, unsecured debentures, in a single series, of the company’s 5th debenture issuance, whose indenture was executed on July 19, 2024. The company states that with this transaction it seeks to optimize its funding cost and extend the maturity profile of its gross indebtedness, while preserving its cash position.
