Arco announces closing of debentures issuance in brazil by companhia brasileira de educaÇÃo e sistemas de ensino s.a.

SÃo paulo--(business wire)--arco platform limited (“arco” or “company”) (nasdaq: arce), announced today that companhia brasileira de educaÇÃo e sistemas de ensino s.a. (“cbe” or “issuer”), its indirect wholly-owned subsidiary, concluded the issuance of 1,200,000 non-convertible debentures, each at a par value of r$1,000 (the “debentures”), totaling r$1,200 million (approximately us$230 million), for public distribution in brazil with restricted placement efforts to institutional investors (the
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