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.
For further insights into ASAI stock, check out TipRanks’ Stock Analysis page.