By Brazil Stock Guide – PRIO S.A. (B3: PRIO3) announced the results of its public tender offer (“Tender Offer”) to repurchase its 6.125% Senior Secured Notes due 2026 (“Notes 2026”), issued through its wholly owned Luxembourg subsidiary, PRIO Luxembourg Holding S.à.r.l. (“PRIO Lux”).
The offer, launched on October 1 and expiring on October 7, 2025, resulted in the acceptance of $ 431,267,000 in aggregate principal amount of the Notes 2026 — representing 71.88% of the total outstanding amount. Payment for Notes validly tendered and accepted for purchase will be made on October 14, 2025, in accordance with the terms and conditions set forth in the Offer to Purchase.
As previously disclosed, the repurchase of the Notes 2026 under the Tender Offer will be funded with proceeds from the issuance of the company’s new 6.75% Senior Notes due 2030 (“2030 Senior Notes”), priced on October 6, 2025. Any remaining funds will be used for general corporate purposes, including partial payment for the acquisition of the Peregrino field from Equinor Brasil Energy Ltd.
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