General Announcement::InterCement Announces Debentures Restructuring of R$1.0 Bn (equivalent to US$180M) [EDITED]

Issuer & Securities

Issuer/ Manager
InterCement Financial Operations B.V.
Securities
INTERC FIN US$750M5.75%N240717A - US17186LAA17 - 13LB
INTERCFIN US$750M5.75%N240717R - USN20137AD23 - 13MB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
02-Oct-2021 00:33:10
Status
New
Announcement Sub Title
InterCement Announces Debentures Restructuring of R$1.0 Bn (equivalent to US$180M) [EDITED]
Announcement Reference
SG211002OTHRMGPD
Submitted By (Co./ Ind. Name)
Celso Lessa
Designation
IR
Effective Date and Time of the event
01/10/2021 17:00:00
Description (Please provide a detailed description of the event in the box below)
InterCement Financial Operations B.V. would like to announce that on September 30, 2021, the InterCement Group concluded a partial amortization of the debenture issued by InterCement Participa es S.A. ( ICP ) in the amount of R$1.0 billion (equivalent to US$180 million), sitting at the HoldCo. level.

This transaction follows a new debt issuance from its subsidiary, InterCement Brasil S.A. ( ICB ), in the same amount (R$1.0 billion) in local debentures. In conjunction to those debt transactions, ICB also agreed on an intercompany loan agreement of equal amount to InterCement Trading e Inversiones (ICBs direct controlling shareholder and ICPs subsidiary).

As a result, the announced transactions do not change the InterCement Group consolidated debt, although it materially reduces the indebtedness of ICP stand alone, while optimizing ICB s capital structure.