CGM advises Asa Rent a Car on renegotiation of debentures
CGM Advogados acted as legal advisor to Asa Rent a Car Locação de Veículos on the process of renegotiating the debentures of the company’s 1st issuance, issued in December 2023, in the amount of R$ 88 million, and registered at B3 under the code CARC11.
The transaction involved restructuring the obligations and main characteristics of the issue, through negotiations with the debenture holders and the fiduciary agent, Pentágono Distribuidora de Títulos e Valores Mobiliários, to readjust the debt structure.
Founded with a focus on mobility and rental solutions, Asa Rent a Car is a car rental company that has established itself as one of the leading companies in the sector, with a national presence and a diversified fleet aimed at both corporate clients and the end consumer. With a proposal centered on intelligent mobility, Asa stands out for its innovative distribution strategy and excellent customer service.
The negotiations with the debenture holders began in August 2024 and lasted for eight General Debenture Holders’ Meetings (AGDs), concluding with the final resolution at the AGD held on April 17, 2025.
CGM Advogados relied on partner Luiz Rafael de Vargas Maluf (pictured) and associate Camila Fernandes Moriyama.
Ih-house counsel to Pentágono Distribuidora de Títulos e Valores Mobiliários: Amanda Cardoso, Danielle Santana, Bruna Gentile de Mello.
