Investor Presentaiton
The decision aimed at avoiding the early
expiry of the debentures was taken in
AGDs on the following dates:
■ March 26, 2019: the 3rd issue of Invepar;
April 2, 2019: 4th issue of Invepar;
June 5, 2019: 2nd issue of Cart; and
April 29, 2019: 3rd issue of Metrôbarra
The approvals for the non-declaration of the early
maturity of the debentures of Cart and Metrôbarra
occurred with respect to, among other conditions,
the payment of a waiver fee, without renegotiation
of fees. More information can be found in note 13
of the 2019 Consolidated Financial Statements.
On November 8, 2019, the risk rating agency
Moody's Corporation changed the risk rating
assigned to Lamsa's 2nd private issue of debentures,
controlled by the Company, from 'B1' to 'B3' on
a global scale and from 'Baal. br 'to' Ba3.br on a
national scale, enabling the activation of the early
maturity clause of this debenture. Lamsa and
Invepar are in negotiation with the sole creditor of
this issue to carry out an AGD and obtain a waiver.
Up until publication of the Management Report,
there was no indication that Lamsa and Invepar
would not be successful in these negotiations.
Check financial statements on the Invepar
website ri.invepar.com.br/en (+)
Contents
Message from the CEO
Message from the Board
Covid-19
About this Report
Invepar
Invepar Management
Economic and
Financial Performance
Invepar Performance
Revenues
Costs and Expenses
EBITDA
Results
Cash Flow and
Indebtedness
Other Topics
Investments and
Divestments
Credits
GRI Index
Aerial view of the Lamsa
toll gate station
121 2019 AR inveparView entire presentation