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Material Fact - Maturity of Promissory Notes of Concer and Early Maturiry of 1st Issue of Debentures

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MATERIAL FACT

MATURITY OF PROMISSORY NOTES AND EARLY MATURITY OF 1ST ISSUE OF DEBENTURES OF CONCER
São Paulo, January 16, 2017 Triunfo Participações e Investimentos S.A. (“Triunfo” or “Company”), together with its subsidiary Companhia de Concessões Rodoviárias Juiz de Fora - Rio S.A. – Concer (“Concer” or “concessionaire”), hereby informs its shareholders and the market that on January 16, 2017, it was notified by Planner Trustee DTVM Ltda. ("Planner"), in the capacity of trustee of the following issues, of the declaration of maturity of the Promissory Notes of Concer (“NP”) and the early maturity of the 1st Issue of Debentures of the concessionaire (“debentures”) were declared. The balances on September 30, 2016 were R$234.4 million and R$178.1 million, respectively. 
 
The NPs were contracted with the banks Itaú, Banco do Brasil and Santander as a bridge loan until the full disbursement of the bridge loan by BNDES, which was structured to finance the construction work of the Nova Subida da Serra in Petropolis, envisaged in the 12th  Amendment to the Concession Agreement. 
 
The maturity of NPs and the non-payment of the amortization installment of the 1st issue of Debentures of Concer resulted in the early maturity of debentures contracted with Itaú and Santander.
 
The Company continues to honor the agreements for settling the financial obligations and will keep the market duly informed of the matter addressed in this Material Fact notice.
 
Click here for the PDF file.
 
 

 

16 January 2017