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São Paulo, December 30, 2019. Liq Participações S.A. ("Company"; LIQO3), in compliance with the purposes of paragraph 4 of article 157 of Law 6,404/76 and CVM Instruction No. 358/2002, hereby publicly announces to its shareholders, investors and the general market, that, on this date, following previously disclosed material facts, the Company, concluded the renegotiation of its financial debt ("Financial Debt Restructuring").
The Financial Debt Restructuring will be made through an Extrajudicial Recovery Plan ("Plan"), in which the Company obtained the legally required adhesion of more than 60% of the credits for its approval. The Plan covers only the financial creditors of the companies and does not involve their suppliers and their employees.
The Request for Extrajudicial Recovery of the Company’s Financial Debt ("Request") was filed, on this date, by the Company and its subsidiary Liq Corp S.A. ("Claimants"), in the São Paulo State Capital District, where the Claimants head office and the principal place of business is located, ad referendum of the extraordinary shareholders’ meeting to be convened in due course.
Upon ratification of the Plan, claimants’ financial debts will be renewed under the new terms and conditions and will apply to all financial creditors in the form of the Order and the Plan.
The full Plan is available on the Company’s Investor Relations website. Information regarding the processing of the application for the judicial approval will be timely disclosed, in accordance with current legislation.
The Company thanks all its financial creditors for supporting the new cycle of the Company and reiterates its full commitment to its clients, employees and other stakeholders.
Chief Financial and Investor Relations Officer