SABESP removes financial covenants on BRL 1.07 billion debenture issue
SBS•SABESP amended its BRL 1.07 billion debenture issue after unanimous holder approval on October 21, 2026, removing financial-ratio default triggers and revising other default provisions.
1. Debenture terms amended
The amendments set a USD 100 million cross-acceleration threshold and add a 30-calendar-day cure period for payment defaults, shortened to five business days for interest and principal payments. Revised concession-loss and operating-asset disposal triggers apply when revenue reductions exceed 25% of consolidated net operating revenue; Pentágono replaces Oliveira Trust as fiduciary agent upon signing.
