Notice to the Market – Approval of long-term credit facilities – Ecovias do Araguaia
ECORODOVIAS INFRAESTRUTURA E LOGÍSTICA S.A. (“Company” or “EcoRodovias”),its direct subsidiary ECORODOVIAS CONCESSÕES E SERVIÇOS S. A. (“ECS”) and its indirect subsidiaries HOLDING DO ARAGUAIA S.A. (“Holding do Araguaia”) and CONCESSIONÁRIA ECOVIAS DO ARAGUAIA S. A (“Ecovias do Araguaia” or “Concessionaire”) hereby informs the Company’s shareholders and the General Public that the Brazilian Development Bank (“BNDES”) and Banco da Amazônia S/A (“BASA”) have approved long-term credit facilities that mature in September 2051 for the Concessionaire in the aggregate amount of R$4.2 billion. The credit facilities are structured as follows:
(i) Incentivized debentures, structured by BNDES, fully settled on July 14, 2022, in the amount of R$600 million, at a cost of IPCA+6.66% p.a. with a maturity in July 2051;
(ii) BNDES Financing, to be disbursed in accordance with the construction works execution timetable, in the aggregate amount of R$3,160 million, at a cost of IPCA+7.70% p.a. with a maturity in September 2051; and
(iii) BASA Financing, to be disbursed in accordance with the construction works execution timetable, in the aggregate amount of R$461 million, at a cost of IPCA+2.51% p.a. with a maturity in July 2046.
“These credit facilities that have locked in our foreseeable funding needs for Ecovias do Araguaia are aligned with our goal of reducing our cost of capital. Combined with the expected operating cash generation, they ensure that the funds needed to support the Concessionaire’s investments will be available as needed over the next 10 years”, said Marcello Guidotti, CEO of EcoRodovias.
São Paulo, July 18, 2022
Marcello Guidotti
Investor Relations Officer
EcoRodovias Infraestrutura e Logística S.A.
EcoRodovias Concessões e Serviços S.A.
+55 (11) 3787 2683 / 2612 / 2681
invest@ecorodovias.com.br
https://ri.ecorodovias.com.br/
Carlos Eduardo Auchewski Xisto
Investor Relations Officer
Holding do Araguaia S.A.
Concessionária Ecovias do Araguaia S.A.