By Wendy Van Sickle
Columbus, Ohio, Dec. 16 – Afya Ltd. issued R$500 million non-convertible debentures maturing Jan. 15, 2028 through its wholly owned subsidiary, Afya Participacoes SA, with a coupon of CDI plus 180 basis points in the Brazilian market, according to a news release.
The principal amount is 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.
| Issuer: | Afya Participacoes SA
|
| Amount: | R$500 million
|
| Issue: | Non-convertible debentures
|
| Maturity: | Jan. 15, 2028
|
| Coupon: | CDI plus 180 bps
|
| Announcement date: | Dec. 16
|
| Distribution: | Brazil
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
