Notice to the Market
NOTICE TO THE MARKET
Tegma Gestão Logística S.A. (“Tegma” or “Company” – B3: TGMA3), hereby informs its shareholders, investors and the market in general that, as mentioned in the latest disclosure of results, in order to adjust the capital structure and the leverage profile, the Company defined the terms of its indebtedness restructuring.
As approved by the second issue debenture holders, (i) the portion of Amortization and Remuneration, which was originally expected to be paid in December 2017 amounting R$ 50 million of principal plus the period interest, will be settled in advance on September 28th, 2017 with a 0.25% settlement fee; (ii) the portion of Amortization and Remuneration which was originally expected to be settled in December/2018 amounting R$ 50 million of principal plus the period interest will have its maturity extended to July 31, 2020 and July 31, 2021; (iii) the original interest rate of CDI + 1.75% p.y. will be changed to CDI + 2.00% p.y.; and (iv) additionally, the settlement fee becomes 0.35% in the first two years and 0.25% in the last two years.
With this operation, Tegma is lengthening its debt profile, addressing its cash needs for the next two years (almost 70% of the principal of debt maturing in 2019) and reducing its cash carrying costs.