Totvs S.A. has finalized its sixth issuance of non-convertible debentures, successfully raising BRL 3 billion. The transaction was supported by underwriters Itaú BBA Assessoria Financeira S.A. and Banco Santander (Brasil) S.A., with legal advisory provided by Lefosse Advogados.
The funds raised through this issuance are expected to support Totvs’ ongoing business operations and strategic initiatives. This marks a continued effort by the company to leverage debt markets for financing.
**Why this matters**
This issuance reflects Totvs’ active engagement in capital markets to secure financing. It also highlights the role of major financial institutions and legal advisors in facilitating large-scale corporate debt transactions in Brazil.
Source: NewsData