SAO PAULO, Dec. 21, 2017 /PRNewswire/ -- The Companhia
de Saneamento Básico do Estado de São Paulo – Sabesp
("SABESP" or "Company"), in compliance with Rule No.
358 issued by the Brazilian Securities and Exchange Commission
("CVM"), dated as of January 3,
2002, as amended, hereby informs its shareholders and the
market in general that the members of the Board of Directors of
SABESP, in a meeting held on December 20,
2017, approved the 22th issuance of simple, unsecured and
non-convertible debentures, in up to three series, for public
distribution, with restricted placement efforts, pursuant to CVM
Rule No. 476, dated as of January 16,
2009, as amended ("CVM Rule 476"), in the total
amount of up to seven hundred fifty thousand million reais
(R$ 750,000,000.00)
("Debentures" and "Offer", respectively), being the
Offer conditioned to the issuance of, at least, five hundred
thousand (500,000) Debentures, in the total amount of five hundred
million reais (R$500,000,000.00) .
The issuance of each of the series, the number of Debentures to be
placed in each serie, the remuneration of the Debentures and the
total amount of the Offer will be defined according to the
bookbuilding process, in the communicating vessels system.
The Offer will target professional investors only, in compliance
with Article 9-A of CVM Rule 539, of November 13, 2013, as amended, and Article 2 of
CVM Rule 476. According to Article 3 of CVM Rule 476, the Offer
will be presented to a maximum of seventy-five (75) professional
investors, though the Debentures may only be subscribed by a
maximum of fifty (50) professional investors. The process of
structuring of the Offer and distribution of the Debentures will be
undertaken by a consortium of financial institutions belonging to
the Securities Distribution System.
The proceeds from the issuance and offering of the Debentures
will be used to refinance its financial commitments maturing in
2018 and to replenish the Company's cash position.
IR Contacts:
Mario Arruda
Sampaio: (55 11) 3388-8664 (maasampaio@sabesp.com.br)
Angela Beatriz Airoldi: (55 11)
3388-8793 (abairoldi@sabesp.com.br)
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SOURCE Sabesp