The Board of Directors of Companhia Brasileira de Distribuição (GPA, PCAR3) approved, on November 4, 2026, the 21st issuance of simple debentures (debt securities), non-convertible into shares, with a total value of up to R$ 112,858,161.00. The issuance is part of the new funds of up to R$ 200 million provided for in the Out-of-Court Reorganization Plan, approved by a court ruling published on October 20, 2026.
The debentures will be issued in up to two series: up to R$ 92,199,906.00 in the 1st series and up to R$ 20,658,255.00 in the 2nd series, with a unit par value of R$ 1.00. Partial distribution is allowed, with no possibility of an additional lot.
The securities will have a 2-year term and yield 100% of the DI Rate plus a spread of 2.50% per year. Interest will be paid semiannually, and the principal will be amortized in a single installment at maturity. The collateral is the fiduciary assignment of credit card receivables, shared with the other creditors of the new funds.
The offering will be public, under the automatic registration procedure, and directed exclusively to creditors subject to the Plan who choose to receive new funds through the debentures. For that reason, it will not undergo prior review by the CVM. The Board also approved the granting of the collateral and the engagement of the collateral agent and the depositary bank.
In addition to the debentures, the structure of the new funds includes working capital and reverse factoring instruments. The trustee for the issuance will be Pentágono S.A. Distribuidora de Títulos e Valores Mobiliários.
