“A piece of news published by the Valor Econômico newspaper on July 12, 2017, informs, among others, that JSL will hold a number of meetings with fixed-income investors in order to launch a seven-year term bond issue, totaling US$300 million.
We therefore request that you provide us with clarifications on said items by July 13, 2017, with your confirmation or not, together with any other information deemed relevant.”
In response to the aforementioned Letter, the Company clarifies to its shareholders and the market in general that JSL is constantly analyzing fundraising alternatives to strengthen its capital and financial structure. Between July 12 and 18, 2017, the Company scheduled, with the support of financial institutions contracted for that purpose, a number of meetings with international investors in order to assess the feasibility of a potential fundraising process through the issue of senior notes in the international capital market.
The issue of senior notes by the Issuer is in the preliminary stage and there is no definition on the total issue volume, term, interest rates or any other details. The decision to carry out the fundraising will depend, among others, on the attractiveness of market conditions, and will only be taken after the aforementioned meetings are held.
JSL also clarifies that, if carried out, the fundraising will be held with qualified institutional investors, exclusively in the international market, pursuant to applicable law and regulations. The senior notes have not been issued. If issued, they will not be registered with the CVM nor offered or sold in Brazil.
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