CVC issues R$450M debentures to refinance debt, save up to R$120M

CVC announced a R$450 million debenture issuance to replace a 2022 debenture with R$400 million outstanding, shifting remuneration from CDI+4.5% to a lower cost structure. CEO Fabio Mader expects savings of R$80-120 million over 12 months, contingent on holder adherence. This refinancing reduces interest expense and improves liquidity, a positive credit signal for the travel company.