Oi S.A. - In Judicial Reorganization
CNPJ/ME nº 76.535.764/0001-43
NOTICE TO THE MARKET
Debentures issuance by Oi Móvel S.A. - In Judicial Reorganization
Oi S.A. - In Judicial Reorganization ("Oi" or the "Company"), in compliance with article 157, Paragraph 4, of Law No. 6,404/76 and the provisions of CVM Instruction No. 358/02, hereby informs its shareholders and the market in general that its direct subsidiary Oi Móvel S.A. - In Judicial Reorganization ("Oi Móvel" or the "Issuer"), responsible for contributing mobile telephony assets to the share capital of "Ativos Móveis UPI", pursuant to the Amendment to the Judicial Reorganization Plan, executed, on this date, an indenture of issuance of secured non-convertible debentures with additional secured guarantee, for private placement, of Oi Móvel's second issuance, in the total amount of R$ 2,000,000,000.00 (the "Debentures", the "Issuance" and the "Indenture", respectively). The debentures will be subscribed and paid- up by fund managed by a subsidiary of Banco BTG Pactual S.A..
Pursuant to the Company's and the Issuer's competent corporate resolutions, the Issuance and the Debentures: (i) will issuance date equal to the payment date (the "Issue Date"); (ii) will mature within 16 months from the Issue Date, except in the events of an early redemption or early maturity as provided for in the Indenture; (iii) shall not be convertible into shares issued by Oi Móvel; (iv) will not have their unit par value accrued; (v) interest shall be levied on the unit par value, corresponding to the accumulated variation of 100% of the average daily rates of the DI - Interbank Deposits of one day, "over extra-group", expressed as a percentage per annum, based on 252 business days, calculated and published daily by B3, in the daily newsletter available at its website (http://www.b3.com.br), exponentially plus a surcharge equivalent to 8.00% per annum and (vii) shall bear secured guarantee to be provided by Oi Móvel.
The Indenture will be registered with the competent Brazilian Board of Trade ("Junta Comercial, Industrial e Serviços do Distrito Federal").
The effective Issuance is subject to the fulfillment of a number of precedent conditions set forth in the Indenture.
The Issuance was approved based on the section 5.5.2 of the Amendment and is considered a financing not subject to bankruptcy rules (financiamento extraconcursal), with the purpose of financing the operating activities and general and administrative expenses of Oi and its subsidiaries undergoing judicial reorganization, up to the date of financial settlement of the sale of Ativos Móveis UPI.
The Company will keep its shareholders and the market informed of the development of the subject matter of this Material Fact.
Rio de Janeiro, June 21, 2021.
Oi S.A. - In Judicial Reorganization
Camille Loyo Faria
Chief Financial Officer and Investor Relations Officer
This Material Fact shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these Debentures in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The Debentures have not been and will not be registered
under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be
offered or sold in the United States absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act.
Special Note Regarding Forward-Looking Statements:
This Material Fact contains forward-looking statements. Statements other than historical facts, including statements of the Company's beliefs and expectations, business strategies, future synergies, cost savings, future costs and future liquidity, are forward-looking statements.. The words "will," "must," "should," "could," "anticipates," "intends," "believes," "estimates," "expects," "predicts," "plans," "targets," "objective," "projects," "forecasts" and similar expressions, as they relate to the Company or its management, are intended to identify forward- looking statements. There is no guarantee that the expected events, tendencies or expected results will actually occur. Such statements reflect the current view of the Company's management and are subject to various risks and uncertainties. These statements are based on several assumptions and factors, including general economic and market conditions, industry conditions, corporate approvals, operating factors and other factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. All forward-looking statements attributable to the Company or its affiliates, or people acting on their behalf, are expressly qualified in their entirety by the cautionary notices set forth in this
paragraph. No undue reliance should be placed on these statements. Forward-looking statements speak only as of the date on which they were made. Except as otherwise required by federal securities laws of Brazil or of the United States, or by the rules and regulations of the CVM, the SEC, or applicable regulatory authorities of other countries, the Company and its affiliates do not have any intention or obligation to update or publicly announce the results of any revisions to any of its forward-looking statements to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting forward-looking statements. However, it is advisable to consult other disclosures made by the Company on matters related to reports and communications filed by the Company within the CVM and the SEC.
Oi SA em Recuperação Judicial published this content on 21 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 June 2021 00:56:01 UTC.