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Material Fact - Even approves 6th debentures issue
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Even approves 6th debentures issue
São Paulo, September 04, 2012 - Even Construtora e Incorporadora S.A. - EVEN (BM&FBovespa: EVEN3), a builder and developer with operations in the states of São Paulo, Minas Gerais, Rio de Janeiro and Rio Grande do Sul and a focus on residential developments with units priced up to R$500,000, hereby informs its shareholders and the market in general that, at the Meeting of the Board of Directors held on September 3, 2012, the attending Members approved the undertaking of the 6th issue of simple debentures by the Company, non- convertible into shares, in a single tranche, all registered and book-entry, of the unsecured type ("Debentures"), comprising 150 (one hundred and fifty) Debentures, each one featuring the same unit par value of R$1,000,000.00 (one million Reais), thus resulting in a total issue amount of R$150,000,000.00 (one hundred and fifty million Reais). The Debentures enjoy a maturity term of 5 (five) years, to become effective as from the date of the issue, and will be subject to public distribution under limited placing efforts, in accordance with the terms and conditions set out by CVM Instruction No. 476, of January 16, 2009, as amended ("CVM Instruction 476"), and shall be exclusively targeted at qualified investors, as laid down by CVM Instruction 476, under the lead coordination of Caixa Econômica Federal ("Restricted Offer"). The proceeds from the funding through the issuance of debentures shall be applied solely for the payment of maturing debt of the Company, aiming to extend the debt profile of the Company, and therefore there will be no increase in net debt of the Company.
The performance of the Restricted Offer shall be subject to the favorable conditions of the domestic capital market. Restricted Offer schemes enjoy an automatic dispense from filing a public distribution registration with the CVM, in accordance with the terms laid down in Article 6 of CVM Instruction 476. The Debentures shall be registered for distribution in the primary market and for trading in the secondary market by means of the Securities Distribution System (SDT) and the Brazilian Debentures System (SND), both managed and operated by CETIP S.A. (the Organized OTC Clearing and Custody Chamber of Assets and Derivatives).
For further information, please contact our IR area:
CFO and IRO
Investor Relations Manager
Marcelo Pereira de Paula
Investor Relations Intern