Sendas Distribuidora Launches R$2.8 Billion Debentures

Sendas Distribuidora (ASAI) has released an update.

Sendas Distribuidora S.A. has announced the authorization of its 11th issuance of non-convertible, unsecured debentures, aiming to raise R$2.8 billion to manage liabilities and for general corporate purposes. The offering will be publicly distributed following applicable Brazilian securities regulations, with no additional shareholder approval required. The debentures will have a five-year term, with the proceeds going towards repaying specific series of the company’s previous issuances and for general corporate activities.

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