SAO PAULO (Reuters) – Via announced debt extension operations that should generate cash preservation in 2022 of around 1.5 billion reais, according to a statement to the market.
The company stated that it will issue commercial notes in the amount of 400 million reais, the resources of which will be used to extend the balance of the same amount of debentures that mature on December 23rd.
The company also lengthened 1.1 billion reais in debt that had originally matured in July 2022, the Sunday night statement said.
The operations extend maturities by 147 days and reduce the average cost by 0.07 percentage point, to CDI plus 2.44% per year, informed Via.
“As a result, at the end of December 2021, around 78% of Via’s debt will mature in the long term, compared to 40% at the end of 2020”, said the company that owns the Casas Bahia and Ponto brands.
(By Alberto Alerigi Jr.)
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