RIO DE JANEIRO, April 3, 2014 /PRNewswire/ -- Oi S.A. ("Oi",
BM&FBOVESPA: OIBR3, OIBR4; NYSE: OIBR and OIBR.C) hereby
announces to its shareholders and the market in general that it
filed the preliminary prospectus supplement relating to the
Offering (as defined below) with the U.S. Securities and Exchange
Commission on the date hereof. The Offering may initially consist
of 1,917,028,657 common shares and 3,834,057,315 preferred shares,
totaling 5,751,085,972 shares, including shares in the form of
American Depositary Shares, represented by American Depositary
Receipts (the "Offering"). The number of shares initially
offered, not considering the exercise of the Hot Issue (defined
below), may be increased, at the option of the lead coordinator, by
up to 15%, or 287,554,298 common shares and 575,108,597 preferred
shares, totaling 862,662,895 shares, in order to fulfill subsequent
demand for the Offering (the "Over-Allotment Option"). Finally, the
number of shares initially offered, not considering the exercise of
the Over-Allotment Option, may be increased, at the Company's
discretion, in agreement with the joint bookrunners of the
Offering, by up to 20%, or 383,405,731 common shares and
766,811,463 preferred shares, totaling 1,150,217,194 shares (the
"Hot Issue").
Banco BTG Pactual S.A.—Cayman Branch, BofA Merrill Lynch,
Barclays Capital Inc., Citigroup Global Markets Inc., Credit Suisse
Securities (USA) LLC, Banco
Espirito Santo de Investimento S.A., HSBC Securities (USA) Inc., Banco do Brasil Securities LLC,
Banco Bradesco BBI S.A., Caixa – Banco de Investimento, S.A.,
Goldman, Sachs & Co., Itau BBA USA Securities Inc., Morgan Stanley & Co.
LLC and Santander Investment Securities Inc. are acting as joint
bookrunners in connection with the international offering.
Oi will maintain its shareholders and the market informed of any
subsequent events related to the Offering.
Oi S.A.
Bayard De Paoli Gontijo
Chief Financial Officer and Investor Relations Officer
Important Information
The Offering is being made pursuant to an effective shelf
registration statement. A preliminary prospectus supplement with
further information about the proposed offering has been filed with
the U.S. Securities and Exchange Commission ("SEC"). Before you
invest, you should read the preliminary prospectus supplement and
other documents Oi has filed with the SEC for more complete
information about the company and the Offering. When available, you
may access these documents for free by visiting EDGAR on the SEC
web site at www.sec.gov. Alternatively, Oi will arrange to send you
the prospectus after filing if you request it by calling toll-free
1-855-672-2332.
Special Note Regarding Forward-Looking Statements:
This communication contains certain forward-looking statements.
Statements that are not historical facts, including statements
about our beliefs and expectations, business strategies, future
synergies and cost savings, future costs and future liquidity are
forward-looking statements. The words "will," "may," "should,"
"could," "anticipates," "intends," "believes," "estimates,"
"expects," "plans," "targets," "goal" and similar expressions, as
they relate to Oi, are intended to identify forward-looking
statements and are subject to a number of risks and uncertainties.
There is no guarantee that the expected events, tendencies or
expected results will actually occur. Such statements reflect the
current views of management of Oi and are subject to a number of
risks and uncertainties. These statements are based on many
assumptions and factors, including general economic and market
conditions, industry conditions, corporate approvals, operational
factors and other factors. Any changes in such assumptions or
factors could cause actual results to differ materially from
current expectations. All forward-looking statements attributable
to us, or persons acting on our behalf, are expressly qualified in
their entirety by the cautionary statements set forth in this
paragraph. Undue reliance should not be placed on such statements.
Forward-looking statements speak only as of the date they are made.
Except as required under the U.S. federal securities laws and the
rules and regulations of the SEC or of regulatory authorities in
other applicable jurisdictions, we do not have any intention or
obligation to update or to publicly announce the results of any
revisions to any of the forward-looking statements to reflect
actual results, future events or developments, changes in
assumptions or changes in other factors affecting the
forward-looking statements. You are advised, however, to consult
any further disclosures Oi makes on related subjects in reports and
communications Oi files with the SEC.
SOURCE Oi S.A.