Material Fact – 7th Issuance of Debentures


Material Fact

7th Issuance of Debentures

Rio de Janeiro, May 21, 2018 – Valid Soluções e Serviços de Segurança em Meios de Pagamento e Identificação S.A. (the “Company”) (B3: VLID3 – ON), as set forth in paragraph §4, article 157, of Law 6404/76, as amended, and Instruction 358/02, issued by the Brazilian Securities and Exchange Commission (“CVM“), as amended, discloses to its shareholders and market in general that, on May 21, 2018, the Company’s Board of Directors approved the 7th (seventh) issuance of simple, nonconvertible, unsecured, single series debentures (“Issuance” and “Debentures“, respectively), for the public distribution with restricted distribution efforts, under the terms of CVM Instruction 476/09, as amended (“CVM Instruction 476” and “Restricted Offer“, respectively).

The Restricted Offer shall amount to R$360,000,000.00 (three hundred and sixty million reais), on the issuance date, and the Debentures shall be placed under the firm guarantee regime provided by the underwriters of the Restricted Offer. The Debentures fall due within 5 (five) years.

The unit par value (or the unit par value balance, however the case may be) of the Debentures shall be subject to interest corresponding to 115.0% of the accumulated variation of average daily rates of the Interbank Deposits (DI). The semiannual interest is payable as from the issuance date, 4th June and 4th December of each year.

The net proceeds recorded by the Company in connection with the Issuance shall be allocated to the payment of the Company’s liabilities and for purposes of working capital increase. The other terms and conditions related to the Debentures shall be provided for in the issuance indenture to be entered into by the Company. The Restricted Offer shall be automatically discharged from registration of public offer with the CVM, under the terms of article 6, of CVM Instruction 476.

This Material Fact was disclosed solely for informative purposes and shall not be construed as any sales material of the Debentures.

For further information, please contact the Investor Relations Department.

Click here for the Material Fact.
Click here for the Minutes of the Board of Directors’ Meeting.