Nova Odessa, July 14, 2014 - Lupatech S.A. (BM&FBOVESPA: LUPA3) (OTCQX: LUPAY) (Lupatech Finance LTD 97/8 Perpetual Bonds: ISIN USG57058AA01) ("Lupatech" or the "Company"), announces to its shareholders and the market in general that, pursuant to the Company's restructuring of its financial debt and capital structure, and to allow the implementation of the Pre-Packaged Reorganization Plan proceeding in Brazil of the Company and its subsidiaries (the "Plan"), the Company has entered into an investment agreement with two of its biggest financial creditors, which sets out the terms and conditions related to the capitalization of credits owned by such banks as part of the Company's capital increase in connection with the implementation of the Plan and its restructuring (the "Investment Agreement"). The capitalization of the credits owned by such creditor banks will occur under the capital increase, as previously disclosed in the material fact of November 5, 2013, which will soon subject to a resolution by the Company approving the Investment Agreement, and which is conditioned upon certain conditions to be fulfilled by such time that the capital increase has been completed.
Moreover, the U.S. Bankruptcy Court, sitting in the Southern District of New York, having jurisdiction to recognize the effects of the Plan within the United States, entered an order today recognizing and enforcing the Plan and the Brazilian court's homologation order within the United States pursuant to Chapter 15 of Title 11 of the United States Code.
The signing of the Investment Agreement and the recognition of the Plan by the U.S. Bankruptcy Court represent another important step in the process to restructure the financial debt and capital structure of the Company, which has now completed the judicial phase and is entering the implementation phase, with the Company's capital increase to be approved in the next days.
The Company will keep the market informed about new material events related to the information disclosed herein.
This announcement is not an offer for sale of securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. The Company does not intend to register any portion of any offering or conduct a public offering of securities in the United States.
For further information, please contact Lupatech's Investor Relations Department.
Thiago Piovesan
IRO
Lupatech S.A.