Casas Bahia announced this Monday the eleventh bond issue of the company, in up to 4 series, with a total value of up to 3.95 billion reais, according to a relevant fact.
The resources obtained through the issue, which is part of its capital structure transformation plan, will be used to reprofile the liabilities of the 10th issue or to strengthen the treasury, the company said.
The company said that “assuming that 100% of the 10th issue adheres to the 11th issue, there will be a reduction of at least R$2.8 billion in the amount to be paid in principal amortization” and that the operation will potentially result in savings of R$4.5 billion between financial expenses and principal by 2030.
In November, Casas Bahia’s board of directors approved a proposal to increase the company’s share capital by up to 13.5 billion reais, with a shareholders’ meeting convened for December 17 to decide on the matter.
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