Nuvini Completes R$61 Million Debenture Repayment, Releases Asset Covenants
NVNI•Nuvini S.A. repaid in full the R$61.0 million non-convertible debentures issued in 2021 upon scheduled maturity, after reducing principal from R$61.0 million at end-2022 to R$8.0 million by 2025. As of December 31, 2025, its debt service coverage ratio was 5.1x, above the 4.0x covenant threshold.
1. Debenture Facility Fully Repaid
Nuvini S.A. repaid in full the R$61.0 million non-convertible debenture facility issued in 2021 at its scheduled maturity date, marking the end of a multi-year deleveraging process that saw principal drop from R$61.0 million at the end of 2022 to R$8.0 million by 2025.
2. Balance Sheet and Covenant Compliance
As of December 31, 2025, Nuvini reported a debt service coverage ratio of 5.1x, surpassing the 4.0x covenant threshold. Full repayment releases associated covenants and asset liens, improving capital structure and financial flexibility.
3. Strategic Flexibility for Acquisitions
With covenants removed, Nuvini gains greater flexibility to allocate capital toward its serial-acquirer model in Latin America, targeting profitable software businesses with strong recurring revenue and cash-flow generation across the region.
