Priner plans BRL 50 million commercial note offering to boost cash position

• Priner board set a new funding plan with a 3rd issuance of notas comerciais escriturais for public distribution under CVM automatic registration.
• Transaction size set at BRL 50 million in a single series, up to 50,000 instruments with BRL 1,000 face value each.
• Pricing set at 100% of the daily DI rate compounded with a 1.95% annual spread; interest paid semiannually.
• Deal to be secured via a fiduciary assignment of receivables tied to a pledged account at Banco Bradesco; management authorized to execute offering documents.

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