Sendas Distribuidora (Assaí, ASAI3) approved, at a meeting of the board of directors held this Thursday, September 17, 2026, the 2nd voluntary acquisition program of debentures (debt securities issued by the company itself) of certain issuances, with a total amount of up to R$ 200 million, to be held in treasury and subsequently cancelled. The company also reported that its 1st voluntary acquisition program of debentures, in the same amount of R$ 200 million, was concluded after the repurchase of 195,201 debentures from its 2nd, 8th, 9th, 10th, 11th, 12th and 13th issuances.
According to Assaí, the goal of the 2nd program is to take advantage of the discount on the unit par value of the debentures (PU) observed in the secondary market to optimize financial income and, with the cancellation of the securities, reduce gross debt, without a material impact on cash availability. Purchases may not be made at a price higher than the updated par value of each debenture and, on September 15, 2026, the price of these securities in the secondary market showed a discount between 0.51% and 2.80% to PU.
The program authorizes the purchase, via B3, of as many debentures as are available up to the financial limit of R$ 200 million, with no distinction between the eligible series and issuances. Among the issuances listed in the annex to the material fact, there are, for example, 2,706,214 debentures outstanding in the 11th issuance and 1,771,299 in the 10th issuance, in addition to smaller volumes in the other series and issuances, part of which is already held in treasury.
The 2nd voluntary acquisition program will last for up to 90 days from September 21, 2026, that is, until December 20, 2026, or until all funds allocated to the buybacks have been fully used, whichever comes first. The transactions will be brokered by Ativa Investimentos S/A Corretora de Títulos, Câmbio e Valores and XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários S.A.
