6-K - Ultrapar Participações S.A. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

Ultrapar Participações S.A. disclosed a related-party debenture subscription transaction for its jointly controlled refining venture RPR in March 2026.

Key Takeaways

1RPR is 33.2% owned each by Ultrapar, Braskem, and Petrobras

2Total debenture issuance value is R$451,300,173.78 across two series

3First-series debentures are subscribed per proportional RPR ownership stakes

4Debentures bear annual interest of CDI + 5.5% until conversion or maturity

5All debentures will be mandatorily converted to RPR shares by Dec 31, 2026

Current Report Details

Event Type

Securities Issuance

Disclosure

Voluntary

Variant

6-K

Items Reported

6-K

Current Report on Form 6-K

Securities Issuance

$451.3M$450.0M$1.3M

Transaction Details

Material Agreement

Agreement: Indenture of the 4th Issue of Unsecured, Convertible Debentures, in Two Series, for Private Placement
Parties: Braskem S.A., Petróleo Brasileiro S.A. – Petrobras, Ultrapar Participações S.A., Refinaria de Petróleo Riograndense S.A. (RPR)

•Total issuance split into two series with first series for majority owners
•Second series available to minority shareholders or cancelled if unsubscribed
•First-series subscription payment deadline of March 25, 2026
•Transaction terms confirmed to be arm's length and market equivalent

Debt / Financing

Instrument: Unsecured Convertible Debentures
Principal: 451300173.78
Rate: CDI + 5.5% per annum

Exhibits (1)

6-K