Material Fact – BNDES Financing
São Paulo, October 25, 2018 – LINX S.A. (B3: LINX3), pursuant to the paragraph 4 of article 157 of Law 6404, of December 15, 1976, as amended and in force (“Brazilian Corporate Law”), and the Normative Regulation 358, of January 03, 2002, as amended, hereby announces that the Company’s Board of Directors, in a meeting held today, approved the hiring of a financing from the Banco Nacional de Desenvolvimento Econômico e Social (“BNDES“) in the amount of R$388,441,000.00 (three hundred eighty eight million four hundred forty one thousand reais), divided into two “subcredits”, as described below:
Subcredit “A”: the amount of R$387,641,000.00 (three hundred eighty seven million six hundred forty one thousand reais), to be invested on the investment plan of the Company involving infrastructure, training, research and development, marketing and sales.
Subcredit “B”: the amount of R$800,000.00 (eight hundred thousand reais), to be invested in social projects.
The interest over the (i) Subcredit “A”, corresponds to the compounded rate of (i) TLP (Long Term Rate); and (ii) BNDES spread of 1.37% per year; and (ii) Subcredit “B”, corresponding to the compounded rate of (i) TLP (Taxa de Longo Prazo); and (ii) BNDES spread of 0.97% per year.
The amount financed will be paid in 120 (one hundred and twenty) months, with a grace period of 36 (thirty six) months and the payment financed in 84 (eight four) monthly installments.
This financial transaction was approved by BNDES, through the decision n.º 547/2018 under the terms and usual conditions to this type of contracts, replacing the Credit Agreement 17.2.0454.1, in the amount of R$167,452,000.00 (one hundred sixty seven million four hundred and fifty two thousand reais) signed on October 24, 2017, which is hereby extinguished as a result of this new contract.
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