The following chart shows the funding lines, with the respective interest rates, maturities and outstanding balances as of december 2024:

Debt – Funding Lines
Consolidated Data (BRL Million)
Index + Fixed Rate (Annual) Issue Date Maturity Date Outstanding Balance
(BRL Thousand)
%
In National Currency:
FGTS Funds 1 TR + 7.30% to TR + 8.50% 08.16.2009 01.16.2043 723,254 11.74%
Finame 2.5% to 8.7% 03.28.2011 01.15.2025 251 0.00%
BNDES Loan TJLP + 1.55% t0 1.73% 01.15.2008 05.15.2025 5,097 0.08%
Caixa – 5th Debenture Issue TR + 9.00% 09.20.2011 09.01.2031 118,737 1.93%
BNDES – 8th Debenture Issue
1st Series TJLP + 1.87% 06.15.2015 06.15.2028 33,037 0.54%
2nd Series IPCA + 8.18% 06.15.2015 06.15.2028 22,099 0.36%
BNDES – 11th Debenture Issue
1st Series TJLP + 2.62% 01.15.2017 01.15.2031 87,593 1.42%
2nd Series IPCA + 8.85% 01.15.2017 01.15.2031 52,410 0.85%
Market Debentures – 12th Issue
2nd Series IPCA + 5.2737% 01.15.2018 01.15.2026 44,382 0.72%
Market  Debenture – 13th Issue
3rd Series IPCA + 6.50% 07.15.2018 07.15.2025 32,350 0.52%
Market  Debenture – 14th Issue
2nd Series IPCA + 4.30% 06.15.2019 06.15.2026 72,518 1.18%
Market Debentures – 15th Issue
1st Series CDI + 1.75% 12.16.2020 12.16.2025 154,654 2.51%
Market Debentures – 16th Issue
1st Series IPCA + 5.2306% 09.15.2021 09.15.2031 258,842 4.20%
2nd Series CDI + 1.30% 09.15.2021 09.15.2026 273,949 4.45%
Market Debentures – 17th Issue
Single Series CDI + 1.30% 12.16.2022 12.16.2029 753,807 12.23%
Market Debentures – 18th Issue
1st Series CDI + 1.20% 09.15.2023 09.16.2030 114,198 1.85%
2nd Series IPCA + 7.10% 09.15.2023 09.16.2030 832,435 13.51%
Market Debentures – 19th Issue
1st Series CDI + 0.9% 07.15.2024 07.15.2034 493,602 8.01%
2nd Series IPCA + 7.2735% 07.15.2024 07.15.2034 844,277 13.70%
In Foreign Currency 2 3:
KfW Euro + 1.41% 12.13.2018 05.15.2034 234,163 3.80%
BEI Euro +Euribor + 0.55% 12.13.2019 09.20.2033 591,991 9.61%
AFD Euro +Euribor + 2.69% 12.29.2023 12.20.2043 419,109 6.80%
Issuance Costs of Securities (49,584)
(=) Total Loans, Financing and Debentures 6,113,169
(+) Leasing Liabilities 79,354
(=) Total Gross Debt (Short + Long Term)       6,192,523  
(-) Cash and Cash Equivalents   (820,054)
(=) Net Debt 5,372,469  

(1) FGTS Funds: Brazilian Savings Bank.
(2) Foreign-currency contracts are also subject to an availability rate (0.25% p.a.) on the balance disbursable.
(3) Debts contracted in Euro, whose exchange rate in relation to the Real was R$6.4363 on 12.31.2024.
(4) The calculation of the representativeness of debt by index is carried out before the deferral of the funding cost.

To access the Indebtedness history in Excel, access the Interactive Spreadsheet.

 

SUSTAINABILITY LOAN AND BLUE LOAN

The Company has been recognized as Sustainability Loan (“Sustainability Loan”) and “Blue Loan” (“Blue Loan”) referring to the €200.0 million financing along with the French Development Agency (AFD).

To access the Independent Report, click here.