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Tim S.A. (B3:TIMS3; NYSE:TIMB) announced Thursday that its controlling company, TIM Brasil Serviços e Participações S.A., will carry out the optional early redemption of all outstanding debentures from its first issuance. The redemption is scheduled for July 25, 2025, according to a statement based on a press release and a filing with the Securities and Exchange Commission.
The early redemption applies to the entire first series of simple, non-convertible debentures, which are secured by real collateral. The transaction is contingent on the settlement of a second issuance of simple, non-convertible, unsecured debentures in up to two series, as outlined in an agreement dated June 23, 2025. If this condition is not met, the early redemption will not proceed.
Under the terms of the redemption, TIM Brasil Serviços e Participações S.A. will pay holders the unit face value or the remaining balance of the unit face value of the debentures, along with accrued remuneration calculated on a pro rata basis for elapsed business days since the last payment date. A redemption premium, as defined in the original deed, will also be included in the payout.
The company has notified B3 S.A. – Brasil, Bolsa, Balcão about the redemption event, observing the required three business days’ advance notice stipulated in the debenture issuance deed. Following the redemption, the debentures will be canceled by the controlling company.
The company emphasized that this notice is for informational purposes only and should not be interpreted as an offer or solicitation for the sale of the debentures.
This information is based on a press release statement and the company’s filing with the Securities and Exchange Commission.
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