COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO

Publicly-Held Company

Corporate Tax ID (CNPJ/ME) No. 47.508.411/0001-56

Company Registry (NIRE): 35.300.089.901

MATERIAL FACT

Companhia Brasileira de Distribuição ('Company'), pursuant to Law No. 6.404, of December 15, 1976, as amended, and to the Brazilian Securities and Exchange Commission ('CVM') No. 476, of January 16, 2009, as amended ('Brazilian Corporate Law' and 'CVM Rule No. 476', respectively), hereby informs its shareholders and the market in general that the Company's Board of Directors has approved the eighteenth (18th) issuance of unsecured simple debentures, not convertible into shares, in up to two (2) series of the Company, with maturity term of five (5) and seven (7) years, in the total amount of one billion and five hundred million Brazilian reais (BRL 1,500,000,000.00) ('Issuance' and 'Debentures', respectively), for public distribution, with restricted distribution efforts, under the terms of CVM Rule No. 476, ('Restricted Offering').

The Debentures shall be subject to the Restricted Offering directed exclusively to Professional Investors, as set forth in article 9-A, of CVM Rule No. 539, of November 13, 2013, as amended ('CVM Rule No. 539'). The Restricted Offering will be offered to, at most, seventy-five (75) professional investors, and the subscription or acquisition is authorized for at most fifty (50) professional investors.

The structuring of the Restricted Offering and the distribution of the Debentures will be conducted by a group of financial institutions that are part of the securities distribution system.

The Restricted Offering is automatically dismissed from the registration of public distribution by CVM, under the terms of article 6 of CVM Rule No. 476.

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The terms and conditions of the Restricted Offering and the Debentures are defined in the Issuance's Indenture ('Indenture').

The funds raised through the Restricted Offering shall be used by the Company for working capital increase and/or extension of the debt profile.

The Minutes of the Board of Director's Meeting that has approved the terms and conditions of the Issuance, as set forth in article 59, paragraph 1st of the Brazilian Corporate Law, as well as the Indenture, are available in Company's website (https://gpari.com.br/), in CVM's website (www.gov.br/cvm/pt-br) and in B3's website (www.b3.com.br).

This Material Fact is only for informative purpose, as set forth in the prevailing legislation and shall not be interpreted as selling and/or disclosure efforts of the Debentures.

The Company will keep its Shareholders and the market in general informed about any new material facts related to the Issuance.

São Paulo, May 05, 2021.

_________________________

Isabela Cadenassi

Investor Relations Officer

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CBD - Companhia Brasileira de Distribuição published this content on 06 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 May 2021 19:42:26 UTC.