On Friday, September 4, 2026, CVC Brasil (CVCB3) detailed, in a market announcement, the public offering of its 7th issuance of simple debentures (debt securities issued by companies), non-convertible into shares, with floating collateral and additional real collateral. The transaction is intended exclusively for professional investors holding debentures from the 4th and/or 5th issuances, who may subscribe to the new securities through the transfer in payment of their credits, in line with the company’s strategy of cash management, deleveraging and reducing the cost of debt.
According to the document, all debentures from the 4th and 5th issuances outstanding may be used to pay up the 7th issuance, provided that the holder is a professional investor. In the 4th issuance there are 442,404,222 debentures outstanding and in the 5th issuance there are 263,108,676 debentures outstanding, with no treasury positions.
The total amount of the 7th issuance will be up to R$ 450,000,000, with the issuance of up to 450,000,000 debentures, allowing partial distribution down to a minimum of R$ 150,000,000. The credit amount of the debentures from the 4th and 5th issuances used to pay up the new ones will correspond to the balance of the unit par value plus compensatory interest calculated pro rata temporis from the last payment date to the subscription date, with no additional inflation adjustment or acquisition premium.
The announcement sets out the expected unit price on the settlement date: for the 4th issuance, with settlement estimated for September 24, 2026, the expected price (P.U.) is R$ 0.61290869; for the 5th issuance, with settlement estimated for September 25, 2026, the expected P.U. is R$ 0.61332986. The debentures of the 7th issuance may be placed at a premium or discount, defined by the lead coordinator based on market conditions, provided that the company receives the same amount it would receive if the payment were made at par value.
Holders of debentures from the 4th and 5th issuances who are professional investors may express their intention to subscribe until 6:00 p.m. on September 21, 2026, and settlement of the 7th issuance debentures is expected to take place on September 24, 2026. Banco Citibank S.A. will act as lead coordinator of the offering.
