March 25, 2017 2:02 PM ET

Banks

Company Overview of Banco Mercantil do Brasil S.A.

Company Overview

Banco Mercantil do Brasil S.A., together with its subsidiaries, provides various banking and financial products and services in Brazil. The company offers current and saving accounts, term deposits, and funds; personal loans, guaranteed check, CDC-vehicles, and credit card; pension fund, and insurance and accumulation services; and various services, such as billing, payments of taxes and fees services, etc. to individuals. It also provides current and saving accounts, term deposits, and funds; working capital, deduction of receivables, guaranteed account, CDC-vehicles, and leasing services; bid and performance bonds, local and international guarantees, trade and housing finance, and insuranc...

Rua Rio de Janeiro, 654/680

5º andar

Belo Horizonte, MG 30160-912

Brazil

Founded in 1940

2,763 Employees

Phone:

55 31 4004 1044

Fax:

55 31 3057 6254

Key Executives for Banco Mercantil do Brasil S.A.

Banco Mercantil do Brasil S.A. does not have any Key Executives recorded.

Banco Mercantil do Brasil S.A. Key Developments

Banco Mercantil Do Brasil S.A. Announces Final Results of its Offer to Purchase for Cash Up to $30,000,000 Outstanding 9.625% Subordinated Notes Due 2020

Banco Mercantil do Brasil S.A. announced the final results of its offer to purchase for cash up to $30,000,000 of its outstanding 9.625% Subordinated Notes due 2020, from holders thereof, upon the terms and subject to the conditions in the Offer to Purchase dated November 30, 2015 and in the related Letter of Transmittal dated November 30, 2015, which together constitute the Offer, announced to the market on November 30, 2015. By December 11, 2015 the Bank had received valid tenders from Holders of $37,824,000 in principal amount of Notes. The Bank announced that, because the Tender Offer was fully subscribed as of the Early Tender Date, the Bank will not be accepting for purchase any Notes not already purchased on the Early Settlement Date. Any Notes tendered pursuant to the Tender Offer but not accepted for purchase by the Bank on the Early Settlement Date will be promptly returned to Holders.

Banco Mercantil do Brasil S.A. Receives Approval from Brazilian Central Bank to Purchase Oversubscribed Notes with Respect to Certain of its Outstanding 9.625% Subordinated Notes Due 2020

Banco Mercantil do Brasil S.A. announced that it has received the approval from the Brazilian Central Bank to purchase the Oversubscribed Notes with respect to certain of its outstanding 9.625% Subordinated Notes due 2020. This announcement is in connection with the Bank's offer to purchase for cash up to USD 30,000,000 (the "Tender Cap") of the Notes, from holders thereof (each, a "Holder" and collectively, the "Holders"), upon the terms and subject to the conditions in the Offer to Purchase dated June 15, 2015 (the "Offer to Purchase") and in the related Letter of Transmittal dated June 15, 2015 (the "Letter of Transmittal" and, together with the Offer to Purchase, the "Offer Documents"), which together constitute the Offer (the "Offer"), announced to the market on June 15, 2015. By June 26, 2015, at 5:00 p.m. EST (the "Early Tender Date"), the Bank had received valid tenders from Holders of USD 67,093,000 in principal amount of Notes in accordance with the Offer Documents, the Bank exercised its option to increase the Tender Cap from USD 30,000,000 to USD 35,564,000.00. Pursuant to the Offer Documents, in case of oversubscription, validly tendered Notes may be accepted for purchase on a prorated basis up to the amount of the Tender Cap. Accordingly, Notes tendered prior to the Early Tender Date that were accepted by the Bank were purchased on June 30, 2015 (the "Early Settlement Date") on a pro-rata basis in the aggregate amount of USD 35,564,000.00, resulting in an amount of USD 31,529,000 of Notes that were early tendered, but not early settled due to the subscription above the Tender Cap and oversubscription beyond the increased Tender Cap (the "Oversubscribed Notes"). On June 29, 2015, in accordance with the terms of the Offer Documents, the Bank announced that it was seeking approval from the Central Bank to purchase the Oversubscribed Notes. Pursuant to official letters dated as of June 11, 2015 and July 17, 2015, the Central Bank approved the purchase of the Oversubscribed Notes by the Bank.

Banco Mercantil do Brasil S.A. Announces 9.625% Subordinated Notes Due 2020

Banco Mercantil do Brasil S.A. announced its offer to purchase for cash, upon the terms and subject to the conditions set forth in the Offer to Purchase up to USD 30,000,000 of its outstanding 9.625% Subordinated Notes due 2020 from holders thereof, at the price set forth below, upon the terms and subject to the conditions set forth in the Offer to Purchase dated June 15, 2015 and in the related Letter of Transmittal dated June 15, 2015, which together constitute the Offer. As of June 15, 2015, the aggregate principal amount of Notes outstanding was USD 250,000,000.

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