SAO PAULO, Nov. 14, 2012 /PRNewswire/ -- Companhia de
Saneamento Basico do Estado de Sao
Paulo - SABESP (BM&FBovespa: SBSP3; NYSE: SBS), one
of the largest water and sewage service provider in the world based
on the number of customers, pursuant to Rule No. 358, dated
January 3, 2002 , as amended, of the
Brazilian Securities and Exchange Commission ("CVM"), hereby
informs its shareholders and the market in general that SABESP's
Board of Directors meeting held on November
13, 2012 approved the 17th issuance of unsecured,
non-convertible debentures, in the amount of up to R$1,000,000,000.00, in up to three series, for
public offering ("17th Issuance" and "Offering", respectively). The
final amount of the issuance and the amount to be allocated for
each of the series will be defined according to the bookbuilding
process ("Bookbuilding Process") that will be carried out and
pursuant to the communicating vessels system.
The structuring process of the 17th Issuance is being conducted
by a syndicate of financial institutions led by BB - Banco de
Investimento S.A. and with Banco Bradesco BBI S.A. acting as joint
bookrunner. The Offering will be filed at CVM pursuant to Rule No.
400, dated December 29, 2003, as
amended, of CVM ("Rule No. 400").
The Company will opportunely publish a notice to the market, in
accordance with Article 53 of Rule No. 400, providing information
on: (i) the other characteristics of the Offering; (ii) the places
where the Offering prospectus can be obtained; (iii) the estimated
dates and places in which the Offering will be disclosed; and (iv)
the conditions, procedures and date applicable to the Bookbuilding
Process. The Offering will be initiated after obtainment of the
relevant registry with the CVM, the relevant announcement of
commencement is published and the definitive Prospectus is made
available to investors, as set forth in Rule No. 400.
The proceeds obtained from the 17th Issuance will be used to pay
the Company's financial obligations in 2013, including the early
redemption of debentures issued by the Company, and/or to pay other
debt(s) of the Company.
IR Contacts:
Mario Arruda Sampaio: (55 11)
3388-8664 (maasampaio@sabesp.com.br)
Angela Beatriz Airoldi: (55 11)
3388-8793 (abairoldi@sabesp.com.br)
SOURCE SABESP
