Sequoia Concludes Final Stage of Bank Debt Restructuring

Main bank creditors of the company fully subscribed to 341m reais in its 6th local notes issuance this Tuesday, Sequoia says in filing.

• Amendments to the Debt Instruments were also executed with those that extended the balance of 107m reais for amortization until 2031 with a grace period of 3 years for interest and 5 years for principal
• With that, company says it has concluded the financial restructuring process and continues working “with full focus on resuming its growth with profitability and cash generation”
• NOTE: Sequoia Says It Executed Global Agreement to Restructure Debts

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