The company successfully completed its first issue of simple debentures in a restricted public offering, raising R$1,4 billion. The amount will be used for the installation of the Definitive System in the Atlanta Field and the new Enauta FPSO platform.

The week is quite positive for the future business of the oil and gas company Enauta, which achieved an important feat in recent days. For this Monday, (26/12), the company has completed its first issue of simple debentures in a restricted public offering. More than R$ 1,4 billion was raised for the implementation of the Definitive System in the Atlanta Field, in the Santos Basin, including the installation of a new FPSO platform.

Enauta's first issue of debentures is successfully completed and the company prepares for future investments in the Atlanta Field

The company Enauta concluded in recent days its first issue of simple debentures in a restricted public offering, achieving great success in the operation.

The issue totaled R$1,4 billion, of which approximately R$737 million were First Series debentures and approximately R$663 million were Second Series debentures, both non-convertible into shares.

Thus, the oil and natural gas company will use the value for the implementation of the Definitive System in the Atlanta Field, located in the Santos Basin. The project also includes the installation of a new FPSO platform in the region.

Currently, the Atlanta Field is operated by Enauta using the Early Production System, through the FPSO Petrojarl I.

However, the company intends to change that and start using the Definitive System in the area. For this, the amount collected from the issue of debentures will be used for the installation of a new FPSO platform, OSX-2, on site, whose operation should start in 2024.

“We completed our first issue of debentures, gaining access to the resources needed to finance the Atlanta project and improve our capital structure. This is another step towards positioning Enauta as the Brazilian independent with the most balanced portfolio and with the greatest potential for generating value”, said Enauta's CEO, Décio Oddone.

Understand what the raised debentures are and how the company will use the amount for the implementation of the new FPSO platform in the Atlanta Field

Debentures are debt securities by which a company offers credit rights to investors. Thus, Enauta stated that the funds raised with the first series of debentures will be used exclusively for reimbursement and/or future payment of expenditures, expenses or debts related to the implementation and development of the Definitive System of the Atlanta Field. 

The amount will then be allocated to all operations necessary for the implementation of the system, including the installation of the new FPSO OSX-2 platform in the Santos Basin region. Once this is done, the oil company intends to use the amount collected from the issue of the second series to reinforce working capital, as well as other general corporate purposes.

Learn more about the company Enauta

Enauta, formerly known as Queiroz Galvão Exploração e Produção (QGEP), is a Brazilian company operating in the oil and gas exploration and production sector.

Its operational structure has two assets in production, the Manati and Atlanta fields. The company also holds a 100% interest in 3 blocks in the north region and 50% in a block in the Santos basin.