Arco Platform Limited (“Arco” or “Company”) (Nasdaq: ARCE),announced today that Companhia Brasileira de Educação e Sistemas de Ensino S.A. (“CBE” or “Issuer”), its indirect wholly-owned subsidiary, concluded the issuance of 1,200,000 non-convertible debentures, each at a par value of R$1,000 (the “Debentures”), totaling R$1,200 million (approximately US$230 million), for public distribution in Brazil with restricted placement efforts to institutional investors (the “Offering”). The Offering is part of Arco’s balance sheet management strategy, and Arco intends to use the net proceeds of the Offering to prepay the debentures issued by CBE in August 2021, currently totaling R$1,000 million (pri(…) Read More »

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