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COMPANHIA DE SANEAMENTO BÁSICO DO ESTADO DE SÃO PAULO SABESP
PUBLICLY HELD COMPANY
CORPORATE TAXPAYERS ID.: 43.776.517/0001-80
PRESS RELEASE
SABESP Announces the Pricing of its 6.250% Notes Due 2020
SÃO PAULO, Brazil, December 9, 2010 Companhia de Saneamento Básico do Estado de São Paulo SABESP (Bovespa: SBSP3; NYSE: SBS), in compliance with CVM Instruction nº 358 of January 3, 2002, issued by the Brazilian Securities Commission (Comissão de Valores Mobiliários CVM), discloses to its shareholders and to the market in general, the pricing for its 6.250% Notes Due 2020 (Notes), in the principal amount of US$350,000,000, to be placed outside of Brazil to certain qualified institutional investors. The proceeds from the offering of the Notes will be used to repay certain outstanding indebtedness of SABESP.
The Notes have not been and will not be registered under the U.S. Securities Act of 1933, and may not be offered or sold (a) in the United States or to U.S. persons unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available, or (b) in any other jurisdiction in which such offer or sale is prohibited. The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy the Notes.
Rui de Britto Álvares Affonso
Chief Financial Officer and Investor Relations Officer
Companhia de Saneamento Básico do Estado de São Paulo - SABESP | ||
By: | /s/ Rui de Britto Álvares Affonso |
|
Name: Rui de Britto Álvares Affonso
Title: Chief Financial Officer and Investor Relations Officer |
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.