New Issue: Movida issues $500 million 7.85% notes due 2029

Chicago, April 25 – Movida Europe SA issued $500 million of 7.85% notes due 2029 (Ba3//BB), according to multiple releases.

The notes are guaranteed by Movida Participacoes SA and Movida Locacao de Veiculos SA.

Morgan Stanley, Bradesco BBI, Goldman Sachs, Itau BBA, BTG Pactual, Citigroup, MUFG, Santander, UBS Investment Bank, and XP Investment Banking were bookrunners.

Proceeds are being used to repay certain existing local debt and for general corporate purposes, including capex.

The Sao Paulo, Brazil-based company is one of the largest rental car companies in Brazil. The issuer is a Luxembourg financial subsidiary.

Issuer:	Movida Europe SA
Guarantor:	Movida Participacoes SA and Movida Locacao de Veiculos SA.
Amount:	$500 million
Issue:	Notes
Maturity:	April 11, 2029
Bookrunners:	Morgan Stanley, Bradesco BBI, Goldman Sachs, Itau BBA, BTG Pactual, Citigroup, MUFG, Santander, UBS Investment Bank, and XP Investment Banking
Counsel to underwriters:	Cleary Gottlieb
Coupon:	7.85%
Trade date:	April 4
Settlement date:	April 11
Ratings:	Moody’s: Ba3
	S&P: BB
Distribution:	Rule 144A and Regulation S

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