On Thursday, October 1, 2026, Celesc (CLSC3; CLSC4) reported that the Inter-American Development Bank (IDB) approved the financial loan transaction under the BID II Program, intended for Celesc Distribuição S.A. At a meeting held on May 14, 2026, with restatement on September 24, 2026, the Board of Directors approved the contracting of financing in the amount of US$ 243.0 million, which will be supplemented by US$ 62.6 million in matching funds from the company, totaling estimated investments of US$ 305.6 million.
The main financial terms of the BID II Program include a 72-month grace period, an amortization term of 24 years and 6 months with semiannual payments, an interest rate corresponding to SOFR plus the variable financing margin and the variable loan margin of the IDB’s Ordinary Capital, as well as a commitment fee of up to 0.75% per year.
Celesc also reported that it expects to sign the loan agreement with the IDB in the coming months, emphasizing that formalization is subject to the completion of stages and other applicable legal and institutional formalities. The company stated that it will keep its shareholders and the market informed about material developments related to the BID II Program.
