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Enauta Completes First Issuance of Debentures and Raises R$ 1.4 Billion for the Implementation of the Definitive System with New FPSO at Atlanta Field

Escrito por Ruth Rodrigues
Publicado em 26/12/2022 às 18:20
A companhia finalizou com sucesso sua primeira emissão de debêntures simples em oferta pública restrita, com arrecadação de R$ 1,4 bilhão. O montante será utilizado para a instalação do Sistema Definitivo no Campo de Atlanta e da nova plataforma FPSO da Enauta.
Fonte: The Capital Advisor
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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 Campo and the new FPSO platform from Enauta.

The week is quite positive for the future businesses of oil and gas company Enauta, which achieved an important milestone in recent days. For this Monday, (12/26), the company has finalized 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 Campo, in the Santos Basin, including the installation of a new FPSO platform.

Enauta’s First Debenture Issue is Successfully Completed and the Company Prepares for Future Investments in the Atlanta Campo

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

The total issuance amounted to R$ 1.4 billion, comprising approximately R$ 737 million of First Series debentures and about R$ 663 million of Second Series debentures, both non-convertible into shares.

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

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

However, the company intends to change this and start utilizing the Definitive System in the area. To this end, the amount raised from the debenture issue will be used for the installation of a new FPSO platform, the OSX-2, on site, with operations expected to begin in 2024.

“We have completed our first issue of debentures, gaining access to the necessary resources to finance the Atlanta project and improve our capital structure. This is another step to position Enauta as the Brazilian independent with the most balanced portfolio and the highest potential for value creation,” stated Enauta’s CEO, Décio Oddone.

Understand What Debentures Are and How the Company Will Use the Amount for the Implementation of the New FPSO Platform in the Atlanta Campo

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

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 in the Santos Basin region. Once this is accomplished, the oil company intends to use the funds raised in the second series issue for working capital reinforcement, as well as other general corporate purposes.

Learn More About Enauta

Enauta, formerly known as Queiroz Galvão Exploration and Production (QGEP), is a Brazilian company that operates in the oil and gas exploration and production sector.

Its operational structure includes two producing assets, the Manati and Atlanta fields. The company also holds a 100% stake in 3 blocks in the northern region and 50% in a block in the Santos Basin.

Ruth Rodrigues

Formada em Ciências Biológicas pela Universidade do Estado do Rio Grande do Norte (UERN), atua como redatora e divulgadora científica.

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