ULTRAPAR PARTICIPAÇÕES S.A.
Ultrapar, through its subsidiary Ultrapar International S.A., issued US$500 million in Notes due 2029
São Paulo, Brazil, May 30, 2019 – Following the Market Announcement released on May 22, 2019, Ultrapar Participações S.A. ("Ultrapar") hereby announces that it has priced today an offering of notes in the international market in the amount of US$ 500 million (“Notes”), to be issued by its subsidiary, Ultrapar International S.A. The Notes will mature in 2029 and the coupon and yield to investors is 5.25% per year.
Interest shall be paid semi-annually. The Notes will be unconditionally and irrevocably guaranteed by Ultrapar and by Ipiranga Produtos de Petróleo S.A. The net proceeds from the Notes will be used for financing the purchase of up to US$200 million aggregate principal amount of the 5.250% notes due 2026 and, the remainder, for general corporate purposes.
The Notes were offered to qualified institutional buyers, resident and domiciled in the United States of America, according to the rules issued by the Securities and Exchange Commission (“SEC”), specifically, Rule 144A, and to certain investors outside the United States of America and Brazil, in compliance with Regulation S under the Securities Act of 1933, as amended (“Securities Act”).
The offering was coordinated by Banco Bradesco BBI S.A., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Itau BBA USA Securities, Inc. and Santander Investment Securities Inc. and has not been, and will not be registered with the SEC, according to the Securities Act, or the Brazilian Securities Commission (“CVM”), pursuant to applicable laws and regulations.
This notice should not be construed as an offer to sell or solicitation of an offer to purchase the Notes, or an offer, solicitation or sale of Notes in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.
Ultrapar Participações S.A.