Localiza Rent a Car : NOTICE TO THE MARKET - CONCLUSION OF THE 3RD LOCALIZA FLEET DEBENTURE ISSUANCE AND 12TH LOCALIZA RENT A CAR ISSUANCE IN THE TOTAL VALUE OF R$1.2 BILLION
May 24, 2017 at 03:45 am EDT
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LOCALIZA RENT A CAR S.A.
COMPANHIA ABERTA
CNPJ: 16.670.085/0001-55
NIRE: 3130001144-5
NOTICE TO THE MARKET CONCLUSION OF THE 3RD LOCALIZA FLEET DEBENTURE ISSUANCE AND 12TH LOCALIZA RENT A CAR ISSUANCE IN THE TOTAL VALUE OF R$1.2 BILLION Localiza Rent a Car S.A. - "Localiza" (BM&FBovespa: RENT3 and OTCQX: LZRFY)- hereby informs its shareholders and the market in general that both debenture offers in the total amount of R$1.2 billion, announced to the market through a material fact on April 17, 2017, were concluded with success, as described below:
3RD Localiza Fleet Debenture Issuance in the total amount of R$ 500 million, 6 years tenor and interest equivalent to 107.0% of the accumulated variation of the average daily rates of Interbank Deposits - C DI.
12th Localiza Rent a Car Debenture Issuance in the total amount of R$ 700 million, 7 years tenor and interest equivalent to 107.25% of the accumulated variation of the average daily rates of Interbank Deposits - CDI, defined in a book building process.
The proceeds were used for strengthening cash position (R$950 million) and for the early redemption of the 2nd Localiza Fleet issuance (R$250 million).
For further information about the issuances (maturity, interests, early redemption and renegotiation) refer to the minutes of the Board of Directors meeting of April 17, 2017, available on Localiza Investor Relations' website. Belo Horizonte, May 23, 2017
Roberto Mendes
CFO and Investor Relations Officer
Localiza Rent a Car SA published this content on 23 May 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 24 May 2017 07:44:18 UTC.
Original documenthttp://localiza.riweb.com.br//Show.aspx?idCanal=8S71wh1x1+yHrec8QeKP4w==&idMateria=0MFDMqjWqbVUN6U0EBr9oA==
Public permalinkhttp://www.publicnow.com/view/590EB6845334822A86313A7F77F7832D61F0DCB3
Localiza Rent a Car S.A. specializes in renting vehicles. Net sales break down by activity as follows:
- car renting (80.8%);
- automotive fleet long-term renting (19.2%): to companies.
At the end of 2021, the group operated a fleet of 289,796 vehicles, including 289,739 company-owned.
Brazil accounts for 99.5% of net sales.
Localiza Rent a Car : NOTICE TO THE MARKET - CONCLUSION OF THE 3RD LOCALIZA FLEET DEBENTURE ISSUANCE AND 12TH LOCALIZA RENT A CAR ISSUANCE IN THE TOTAL VALUE OF R$1.2 BILLION