{"id":459298,"date":"2021-03-16T21:31:17","date_gmt":"2021-03-17T01:31:17","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=459298"},"modified":"2021-03-16T21:31:17","modified_gmt":"2021-03-17T01:31:17","slug":"sabesp-material-fact-extension-of-suspension-of-cuts-and-renegotiation-of-debts","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sabesp-material-fact-extension-of-suspension-of-cuts-and-renegotiation-of-debts\/","title":{"rendered":"Sabesp – Material Fact: Extension of Suspension of Cuts and Renegotiation of Debts"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

S\u00c3O PAULO, March 16, 2021<\/span> \/PRNewswire\/ —\u00a0Companhia de Saneamento B\u00e1sico do Estado de S\u00e3o Paulo \u2013 Sabesp (“Sabesp” or “Company”), in compliance with the provisions of Article 157, Paragraph 4, of Law 6.404\/76 and the provisions of Instruction 358 of the Brazilian Securities and Exchange Commission (“CVM”), dated January 3, 2002<\/span>, as amended, in continuity informs to its shareholders and the market in general that, in continuity with the Material Fact of February 3, 2021<\/span>, informs its shareholders and the market in general that today, the Board of Executives Officers extended, from March 31 to April 30, 2021<\/span>, the measures to minimize the economic impacts of the pandemic for commercial and service establishments, as follows:<\/p>\n

i)\u00a0 Suspend cuts and renegotiate debts for commercial and service customers residing in the
\u00a0\u00a0\u00a0 operated municipalities that are in the orange and red phases of the S\u00e3o Paulo\/Covid-19
\u00a0\u00a0\u00a0 Plan;<\/p>\n

ii)\u00a0 The validity period will be until the end of April 2021<\/span>; <\/p>\n

iii)\u00a0 The existing debts, including the agreements signed during the pandemic period, will be
\u00a0\u00a0\u00a0\u00a0\u00a0 renegotiated without the application of a fine and interest, only monetary adjustment,
\u00a0\u00a0\u00a0\u00a0\u00a0 according to the Company’s policy and procedure;<\/p>\n

iv)\u00a0 The term for installments will be 12 months, from the date of the renegotiation of\u00a0
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0outstanding balances;<\/p>\n

v)\u00a0 The debtor will not be included in the credit protection register for debts until the end of\u00a0
\u00a0\u00a0\u00a0\u00a0\u00a0April 2021; and<\/p>\n

vi)\u00a0 Debtors which may have been included in the credit protection register during the
\u00a0\u00a0\u00a0\u00a0\u00a0 pandemic will be withdrawn immediately after the debt is renegotiated with Sabesp.<\/p>\n

The Company will keep the market informed on the developments concerning this Material Fact.<\/p>\n

IR Contacts:
Mario Arruda Sampaio<\/span> \u2013 (55 11) 3388-8664 (maasampaio@sabesp.com.br<\/a>)
Angela Beatriz Airoldi<\/span> \u2013 (55 11) 3388-8793 (abairoldi@sabesp.com.br<\/a>) <\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/sabesp–material-fact-extension-of-suspension-of-cuts-and-renegotiation-of-debts-301248925.html<\/a><\/p>\n

SOURCE Sabesp<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire S\u00c3O PAULO, March 16, 2021 \/PRNewswire\/ —\u00a0Companhia de Saneamento B\u00e1sico do Estado de S\u00e3o Paulo \u2013 Sabesp (“Sabesp” or “Company”), in compliance with the provisions of Article 157, Paragraph 4, of Law 6.404\/76 and the provisions of Instruction 358 of the Brazilian Securities and Exchange Commission (“CVM”), dated January 3, 2002, as amended, in continuity informs to its shareholders and the market in general that, in continuity with the Material Fact of February 3, 2021, informs its shareholders and the market in general that today, the Board of Executives Officers extended, from March 31 to April 30, 2021, the measures to minimize the economic impacts of the pandemic for commercial and service establishments, as follows: i)\u00a0 Suspend cuts … <\/p>\n

Continue reading “Sabesp – Material Fact: Extension of Suspension of Cuts and Renegotiation of Debts”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-459298","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSabesp - Material Fact: Extension of Suspension of Cuts and Renegotiation of Debts - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sabesp-material-fact-extension-of-suspension-of-cuts-and-renegotiation-of-debts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sabesp - Material Fact: Extension of Suspension of Cuts and Renegotiation of Debts - 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