Minerva SA announced this Wednesday (15) the conclusion of an international issuance of debt securities (bonds) in the total value of US$600 million, maturing in 2036 and with a coupon of 7.5% per year.
The operation was carried out by its subsidiary Minerva Luxembourg SA, with a guarantee from the company itself.
According to a statement to the market, the net resources obtained will be used mainly for , while the remainder will be directed to general corporate purposes.
The issuance was directed exclusively to qualified institutional investors, including participants in the United States under Rule 144A of the Securities Act of 1933, as well as foreign investors under Regulation S.
The company highlighted that the securities were not registered in the United States and, therefore, cannot be offered or sold in the country without proper registration or an applicable exemption.
Strong demand
According to Minerva, the operation had a demand 2.5 times greater than the volume initially offered, indicating strong investor appetite for the issue.
The company’s management stated that with the strategic management of financial liabilities and the improvement of the capital structure, seeking to reduce costs over time.
