Totvs S.A. has successfully completed its sixth issuance of non-convertible debentures, 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 initiatives and financial strategy. This marks a significant step in the company’s efforts to diversify its capital structure.
**Why this matters**
The completion of this sizable debenture issuance provides Totvs with additional financial resources to invest in growth and operational improvements. It also reflects continued investor confidence in the company’s creditworthiness and strategic direction.
Source: NewsData