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Accessibility Contrast Corporate
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Debt and Credit Rating

Rating

Agency Type of Rating Rating Perspective Last Review Report
Standard & Poor’s Corporate brAAA Stable October 08, 2026
Standard & Poor’s 9th Issue of Debentures brAAA Stable October 08, 2026
Standard & Poor’s 8th Issue of Debentures brAAA Stable October 08, 2026
Standard & Poor’s 7th Issue of Debentures brAAA Stable October 08, 2026

Debt Composition

Debt Annual Interest Rate  Balance (R$ thousand)
Total Bank Debt 1,684,744
Working Capital TR + 4.34% 14,646
7th Debenture Issuance CDI – 0.11% 399,840
8th Debenture Issuance IPCA + 7.9% 460,081
9th Debenture Issuance IPCA + 8.1% 850,082
(-) Transaction Costs (39,723)
M&A Debt 327,795
Lease Liabilities Payable 91,897
Total Gross Debt 2,104,436
(-) Total Liquidity (491,901)
Net Debt 1,612,535
Leverage (Net Debt / Annualized Proforma EBITDA) 2.34x

Debt Schedule (R$ million)