Longvie manages to refinance its debt

Longvie S.A. successfully redefines the maturity profile of its Negotiable Obligations As planned, on January 30, 2019, the meeting was held.

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Longvie S.A. successfully redefines the maturity profile of its Negotiable Obligations

As planned, the Meeting of Holders of Class IV Negotiable Obligations of Longvie S.A. was held on January 30, 2019. (the “Assembly”). With a concurrence of bondholders whose holdings represent 90.67% of the total amount of capital in circulation, the proposal that the Company put for the consideration of the Investors was approved unanimously.

This proposal is summarized in an extension of the maturity period, the capitalization of a portion of the future interests above a certain level, and the payment of the total principal in a single installment at maturity, keeping the rest of the terms (i.e.: principal amount, interest rate) unchanged.

The full support of investors revalidates trust in Longvie and its business, as well as the excellent relationship that the Company has maintained with the capital market as a listed company for several decades.

With the assistance of Columbus Zuma as exclusive financial advisor, the success of the Assembly represents a fundamental step in the process of rearranging the maturity profile of the financial debt faced by the Company towards the end of last year.

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