#Rio de Janeiro #Brazil #Energy #Light Energia

Light Energia S.A. Marks Completion of Tender Offer

In a significant financial move, Light Energia S.A. has concluded its cash tender offer for its outstanding 4.375% Notes due in 2026. The tender offer, initially announced earlier in April, was facilitated under the terms outlined in the official offer documents. The expiration of this tender offer occurred at 5:00 PM EST on May 14, 2025.

As per the tender results, a total of approximately $50.98 million in principal amount of Notes, accounting for about 24.19% of the total outstanding Notes, was successfully tendered by investors. The company has confirmed that this total will be fully accepted for purchase, meaning no proration is required as it is beneath the previously stated maximum tender amount.

Investors who participated in the tender offer will receive $950.00 for each $1,000 of principal amount of the tendered Notes. The settlement date for this transaction is set for May 23, 2025. Notably, participants in this tender won’t accrue any additional interest on the Notes purchased as part of the tender offer.

This tender offer is a strategic component of Light’s ongoing judicial reorganization process that commenced on May 12, 2023. Following the filing for judicial reorganization by Light S.A., which is the parent company of Light Energia, the plan for financial restructuring received approval from creditors and was confirmed by the court.

In addition to the judicial steps taken domestically, Light Energia has also initiated a scheme of arrangement under the UK Companies Act to organize its global restructuring efforts. The High Court of Justice of England and Wales sanctioned this scheme in late October 2024, further indicating the company’s committed efforts to stabilize its financial standing amid ongoing challenges.

Holders of the 4.375% Notes who wish to review the Offer to Purchase can receive copies from D.F. King & Co., Inc., which serves as the information and tender agent for the company. They can be reached for further inquiries at +1 (212) 269-5550 or via email.

It is important to note that this press release does not represent an invitation for investment or an offer to buy or sell securities, reflecting adherence to legal stipulations regarding such announcements. Neither the Offer to Purchase nor linked documents have been submitted for scrutiny by the U.S. Securities and Exchange Commission, adhering to regulatory compliance.

Company Background

Light Energia S.A. operates as a fully-owned subsidiary of Light, a publicly traded corporation situated in Rio de Janeiro, Brazil. The company delivers vital energy distribution and generation services to numerous municipalities in the region. Their operational scope encompasses two main segments; energy distribution from the main grid to consumers and generating energy through environmentally-friendly hydroelectric systems. With a reach of over 11 million residents across the states of Rio de Janeiro and Minas Gerais, Light Energia plays a vital role in ensuring energy accessibility and sustainability in Brazil.

As Light Energia S.A. contemplates its future, the management remains focused on navigating through the reorganization while maintaining service integrity and regulatory compliance, emphasizing their commitment to delivering reliable energy solutions.

Forward-Looking Statements

The content of this release includes forward-looking statements pertaining to future operational performance based on management's current expectations. These may encompass various uncertainties and risks that could lead to deviations from expected outcomes. Stakeholders and potential investors are advised to cautiously interpret these statements while considering potential variables that may impact actual outcomes.