Corporate Taxpayers' ID (CNPJ/MF): 17.314.329/0001-20 Company Registry (NIRE): 33.300.488.750
Publicly Held Company
pursuant to article 157, paragraph 4 of Law 6,404/76 and CVM Instruction 358/02 and in addition to the Material Fact dated January 05, 2016, hereby informs its shareholders and the market in general that today it has completed the sale of its entire direct and indirect interest in the Company's subsidiaries in Dominican Republic and Puerto Rico.
The sale included the Company's direct shareholding in AIRPORT SHOPPES CORP. and its indirect subsidiaries located at Puerto Rico, namely: CARGO SERVICE CORPORATION, AIRPORT AVIATION SERVICE INC., CAROLINA CATERING CORP., AIRPORT CATERING SERVICE CORPORATION,
AEROPARQUE CORPORATION, and its indirect subsidiaries located at Dominican Republic, which are: INTERNATIONAL MEAL COMPANY DR S.R.L and INVERSIONES LLERS S.A. Such subsidiaries
totaled 56 stores in caribbean territory.
These interests were sold to MANAGEMENT GROUP INVESTORS, LLC., ("Buyer") by the gross amount of US$ 50.059.535,78.
The impact of this operation on the Company's net debt is approximately US$ 44.7 million. This amount is divided as follows: (i) US$ 37.4 million in debt reduction related to these subsidiaries; and (ii) approximately US$ 7.3 million in cash and cash equivalents, after taxes, guarantees and costs related to the operation.All conditions precedent to the closing of the transaction were met. This asset sale is in line with the Company's objectives of simplifying its structure and reducing its financial leverage.
São Paulo, February 26, 2016.
Chief Financial and Investor Relations Officer
For further information, please contact the Investor Relations Department:
Phone: +55 (11) 3041-9653 E-mail: ri@internationalmealcompany.comWebsite: www.internationalmealcompany.com/ri
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IMC - International Meal Company Holdings SA issued this content on 26 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 February 2016 22:35:16 UTC
Original Document: http://ri.internationalmealcompany.com/imc/web/download_arquivos.asp?id_arquivo=DA2EE9EB-C3D3-47B2-8376-6FD2BF8A148D