Santo André, September 12, 2017 - CVC Brasil Operadora e Agência de Viagens S.A. ('CVC' or 'Company'), in compliance with the provision in section 157, § 4º, of the Law 6,404, dated December 15,1976, as amended, rules of the Securities and Exchange Commission ('CVM'), especially with CVM Instruction 476, dated January 16, 2009, as amended ('CVM Instruction 476') and CVM Instruction 358, dated January 3, 2002, as amended, hereby informs its shareholders and the market that, the Company Board of Directors Meeting held in September 6, 2017 ('Board of Directors Meeting') approved the 2nd (second) issuance of simple, non-convertible into shares, in a single series, unsecured, debentures of the Company ('Issuance' and 'Debentures', respectively), for public distribution with restricted placement efforts, in accordance with CVM Instruction 476 ('Offer'). The proceeds will be used to strengthen the Company's capital structure, with the goal to cover working capital needs and, potentially, debt payment. The Debentures will have a unit face value of one thousand reais (R$1,000.00) as of the Issuance date ('Unit Face Value'), totaling the amount of up to six hundred million reais (R$600,000,000.00) as of the Issuance date ('Total Issuance Value'). The Issuance is targeted exclusively at professional investors, pursuant to applicable law. There is no right of preference in the subscription of the Debentures.

The Debentures' maturity date is November 1, 2021, except in the cases set forth in the Debenture Deed. The Unit Face Value of the Debentures will not be monetarily updated. Pursuant to the terms of Section 3 of the CVM Instruction 476, the procedure for collecting investment intentions will be in compliance with Section 23 and Section 44, both of CVM Instruction 400, without minimum or maximum lots, for the definition, of the portion of the Issuance to be distributed under the best efforts regime and the interest. The interest will be determined in accordance with the Bookbuilding Procedure and is limited to 107.5% of the accumulated variation of the average daily rates of the DI, based on 252 Working Days ('Remuneratory Interest') and apply to the Unit Face Value of the Debentures or the balance of the Unit Face Value of the Debentures, as the case may be. Pursuant to Section 30, Paragraph 2, of CVM Instruction 400, dated December 29, 2003, as amended ('CVM Instruction 400'), the partial placement of the Debentures is be allowed, provided that the minimum placement amount corresponds to the Firm Guarantee Portion, in accordance to the approved terms at the Board of Directors Meeting. In case the amount effectively placed does not reach the Total Issuance Value, the remaining balance of Debentures not placed within the Offer will be cancelled by the Issuer, by means of an amendment to the Indenture, which will be approved by the Company's Board of Directors. In addition, considering that the distribution can be partial, pursuant to Section 31 of CVM Instruction 400, the investor may, in the act of acceptance of the Offer, condition his adhesion upon placement of: (a) the total amount of Debentures under the Offer, provided that, if such condition is not implemented, the orders shall be cancelled, and, in this case, the settlement process at B3 S.A. - Brasil, Bolsa, Balcão ('B3') will not have been initiated; or (b) a proportion or minimum quantity of the original amount of Debentures under the Offer, defined according to the investor's own criteria, which shall not be lower than the Firm Commitment Lot. The investor shall, at the moment of acceptance, indicate if, upon implementation of such expected condition, that the investor intends to receive the subscribed Debentures indicated by such investor in full or an amount equivalent to the proportion between the amount of Debentures actually placed and the original amount of Debentures under the Offer. Absence such manifestation, the intention of the investor to receive Debentures subscribed by such investor in full will be presumed, and, if the investor has indicated such proportion, if such condition is not implemented, the orders shall be cancelled and, in this case, the settlement process at B3 will not have been initiated.

The general terms and conditions of the Issuance and of the Debenture are available in the minutes of the Board of Directors Meeting which is filed at the Company's Headquarters, as well as on the websites of CVM (http://www.cvm.gov.br) and the Company (http://ri.cvc.com.br/).

This material fact is solely for informative purposes, pursuant to the applicable law, and shall not be interpreted as advertising material for the Issuance or sales of Debentures.

The Company will maintain its shareholders and the market informed about the Issuance. More information can be obtained with the Company's Investor Relations Department.

To access the PDF file, please click here.

CVC Brasil Operadora e Agência de Viagens SA published this content on 12 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 September 2017 00:34:03 UTC.

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