Brazil’s Afya plans to issue R$500 million five-year debentures

By Wendy Van Sickle

Columbus, Ohio, Dec. 6 – Afya Ltd. plans to issue R$500 million non-convertible debentures maturing Jan. 15, 2028, through its wholly owned subsidiary Afya Participacoes SA, according to a news release.

The principal is to be amount to be amortized in two equal installments payable on Jan. 15, 2027 and Jan. 15, 2028.

The company plans to use proceeds for general corporate purposes, strengthening its cash position and extending its debt maturity profile.

The medical education group is based in Nova Lima, Brazil.

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