Paranapanema plans up to R$ 110 million mandatory convertible debenture issue

Reuters2026/08/05 20:12

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ParanaPanema’s board moved to reset its debenture fundraising plan in a July 28, 2026 extraordinary meeting.
Directors canceled the 9th and 10th issues of convertible debentures, citing expired subscription periods with no investors secured.
The board authorized an 11th issue of mandatorily convertible, unsecured debentures of up to BRL 110 million, with a BRL 100 million minimum.
The private placement includes up to 11 debentures at BRL 10 million each, 105% of CDI interest, 12-month maturity, conversion at BRL 0.03 per share.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ParanaPanema SA - em Recuperacao Judicial published the original content used to generate this news brief on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Paranapanema plans up to R$ 110 million mandatory convertible debenture issue

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