Brisanet Board Approves Up to R$ 504 Million in Financing From Banco do Nordeste
Bitget2026/10/28 21:48- Brisanet’s board unanimously backed expansion financing at its October 20, 2026, meeting.
- The company will borrow up to R$ 504 million from Banco do Nordeste do Brasil under the FNE Inovação credit line.
- Proceeds will support a R$ 630 million expansion and modernization project focused on telecommunications infrastructure across nine states.
- Terms include up to 12 years, a grace period up to 36 months and IPCA + 4.21% annual interest, subject to market fluctuations.
- Authorized security includes a bank guarantee covering 100% of outstanding debt and a reserve account covering 5% of contracted or disbursed funds.
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