SAO PAULO, Dec. 3 /PRNewswire-FirstCall/ -- ULTRAPAR PARTICIPACOES S.A.
("Ultrapar") (NYSE: UGP; BMF&BOVESPA: UGPA4) hereby informs that it concluded
today the review of certain terms and conditions of its 3rd issuance of
debentures, in the amount of R$ 1,200,000,000.00 (one billion two hundred
million reais), issued on June 4th, 2009 ("Debentures").
Effective from December 4th, 2009, the remuneration of the Debentures was
reduced to 108.5% of the CDI (Inter-financial deposits rate) and its maturity
date was extended to December 4th, 2012.
The Debentures have yearly interest payments and amortization in one
single tranche at the maturity date. Ultrapar may, at any time, through prior
notice, early redeem the outstanding Debentures.
With these changes, Ultrapar reduces its cost of debt, providing higher
financial flexibility and increase in soundness and liquidity.
IR Contact
E-mail: invest@ultra.com.br
Telephone: + 55 11 3177-7014
Website: www.ultra.com.br
SOURCE Ultrapar Participacoes S.A.