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Banco do Brasil S.A. - Tender Offer - Final Tender Results

Banco do Brasil S.A. Announces the Final Tender Results of the Offer to Purchase up to $1,000,000,000 aggregate purchase price of the 9.000% Perpetual Non-Cumulative Junior Subordinated Notes issued by Banco do Brasil S.A., acting through its Grand Cayman Branch


03 NOVEMBER 2023


Full announcement including disclaimers and offer restrictions available via Prnewswire: Source: Banco do Brasil S.A.


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"The Tender Offer expired at 5:00 p.m., New York City time, on November 2, 2023 (the "Expiration Deadline").


The Bank hereby announces that $1,850,000 aggregate principal amount of Notes were validly tendered by registered holders of the Notes (individually, a "Holder" and collectively, the "Holders") after the Early Tender Deadline and at or before the Expiration Deadline. Pursuant to the terms and conditions of the Offer to Purchase, all valid tenders will be accepted in full with no proration of Notes. The final settlement date on which the Bank will make payment for Notes accepted in the Tender Offer is expected to be November 6, 2023 (the "Final Settlement Date").


The Tender Offer Consideration for each $1,000 principal amount of Notes validly tendered after the Early Tender Deadline but at or before the Expiration Deadline and accepted for purchase will be $983.75. Holders of the Notes accepted for purchase on the Final Settlement Date will also receive accrued and unpaid interest in respect of their purchased Notes from (and including) the immediately preceding interest payment date for the Notes up to, but excluding, the Final Settlement Date ("Accrued Interest"). The total cash payment to purchase the accepted Notes on the Final Settlement Date will be $1,819,937.50, excluding Accrued Interest.


Following the completion and settlement of the Tender Offer the outstanding principal amount of the Notes will be $1,371,338,000, which represents approximately 64.69% of the principal amount of Notes that was outstanding immediately prior to commencement of the Tender Offer as of October 4, 2023. Notes which have not been validly tendered and accepted for purchase pursuant to the Tender Offer will remain outstanding."


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Banco do Brasil S.A. Announces the Early Tender Results of the Offer to Purchase up to $1,000,000,000 aggregate purchase price of the 9.000% Perpetual Non-Cumulative Junior Subordinated Notes issued by Banco do Brasil S.A., acting through its Grand Cayman Branch

19 OCTOBER 2023


Full announcement including disclaimers and offer restrictions available via Prnewswire


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"The Bank hereby announces that, as of October 18, 2023, at 5:00 p.m. New York City time (which was the Early Tender Deadline), the Bank had received valid tenders from the registered holders of the Notes (individually, a "Holder" and collectively, the "Holders") of $746,812,000 in aggregate principal amount of Notes.


Withdrawal rights for the Tender Offer have expired and have not been extended. Therefore, Notes that are validly tendered after the Early Tender Deadline cannot be withdrawn, except as may be required by applicable law. The Tender Offer will expire at 5:00 p.m., New York City time, on November 2, 2023, unless extended or earlier terminated (such date and time, including as it may be extended or earlier terminated, the "Expiration Deadline").


The Bank has accepted for purchase all of the Notes validly tendered in the Tender Offer at or prior to the Early Tender Deadline. The early settlement date on which the Bank will make payment for Notes accepted in the Tender Offer is expected to be October 20, 2023 (the "Early Settlement Date")."


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Banco do Brasil S.A. Announces the Commencement of An Offer to Purchase up to $1,000,000,000 aggregate purchase price of the 9.000% Perpetual Non-Cumulative Junior Subordinated Notes issued by Banco do Brasil S.A., acting through its Grand Cayman Branch

04 OCTOBER 2023


Full announcement including disclaimers and offer restrictions available via Luxse or Prnewswire


"BRASILIA, Brazil, Oct. 4, 2023 /PRNewswire/ -- Banco do Brasil S.A., organized as a sociedade de economia mista and accordingly a sociedade por ações incorporated under the laws of the Federative Republic of Brazil, acting through its Grand Cayman branch (the "Bank"), hereby announces the commencement of its offer to purchase for cash up to $1,000,000,000 aggregate purchase price (excluding Accrued Interest (as defined below)) of the Bank's Outstanding 9.000% Perpetual Non-Cumulative Junior Subordinated Notes (CUSIP: 05958A AL2 and P3772W AF9; ISIN: US05958AAL26 and USP3772WAF97) (the "Notes") (the "Tender Offer"), upon the terms and subject to the conditions described in the Offer to Purchase dated October 4, 2023 (as it may be amended or supplemented from time to time, the "Offer to Purchase"). Terms not defined herein have the meaning ascribed to them in the Offer to Purchase.


The table below summarizes certain payment terms of the Tender Offer:

As used herein, the "Tender Cap" is the maximum aggregate purchase price of $1,000,000,000 (subject to increase by the Bank) corresponding to the aggregate Tender Offer Consideration and the aggregate Total Consideration, excluding Accrued Interest, payable by the Bank for Notes pursuant to the terms of the Tender Offer. "


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"The purpose of the Tender Offer is to increase the efficiency of the Bank's capital structure and reduce its interest expense."


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