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Magazine Luiza : Change in Debenture Terms (Material Fact)

07/13/2016 | 07:58am EDT

c4402e3a-9abf-4e76-94a6-7b2883c548b1.pdf MAGAZINE LUIZA S.A. Publicly-Held Company

CORPORATE TAXPAYER ID (CNPJ/MF): 47.960.950/0001-21 COMPANY REGISTRY (NIRE): 35.3.0010481.1

MATERIAL FACT Increase in debt profile and changes in terms of 3rd debenture issue

Magazine Luiza S.A. ("Company"), pursuant to article 157, paragraph four of Law 6404 of December 15, 1976, as amended, and ("CVM") Instruction 358 of January 3 of 2002, as amended, informs its shareholders and the market in general that on July 13, 2016, the Company's Board of Directors ("BoD") and Debenture Holders General Assembly ("DHGA") approved changes in the terms of its third issue of unsecured non-convertible debentures, with additional security interest, in a single series ("Issue" and "Debentures", respectively) for public distribution with restricted placement efforts. The main changes approved by the "BoD" and "DHGA" were as follows: (i) change in the maturity date of the Issue from 36 (thirty six) to 57 (fifty seven) months; (ii) inclusion of new redemption options for early maturity of the Debentures; (iii) change in the interest rates calculated over the accumulated variation of the average daily over extra group interbank deposit rate as an annual percentage, based on a year of two hundred and fifty-two business days, calculated and disclosed on a daily basis by CETIP S.A. - Organized markets ("DI Rate"). and (iv) consequently the modification of the indenture date, so to reflect the above mentioned changes in the terms that were rectified by the "BoD" and "DHGA".

Magazine Luiza hereby clarifies that the above changes have as main goals to increase the Company's debt profile and improve the capital structure. The full content of the above resolutions is available for consultation on the websites of the Company Investor Relations and the Brazilian Securities and Exchange Commission.

São Paulo, July 13, 2016.

Roberto Bellissimo Rodrigues

Chief Financial and Investor Relations Officer

Magazine Luiza SA published this content on 13 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 July 2016 11:58:08 UTC.

© Publicnow 2016
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Net cash 2021 2 421 M 450 M 450 M
P/E ratio 2021 142x
Yield 2021 0,21%
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Nbr of Employees 40 000
Free-Float 42,5%
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Last Close Price 15,01 BRL
Average target price 27,31 BRL
Spread / Average Target 82,0%
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Frederico Trajano Inácio Rodrigues Chief Executive Officer
Roberto Bellissimo Rodrigues Chief Financial Officer & IR Officer
Luiza Helena Trajano Inácio Rodrigues Chairman
André Luiz de Souza Fatala Chief Technology Officer
Fabrício Bittar Garcia Vice President-Operations & Commercial
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