Copel(ELP) - 2022 Q2 - Quarterly Report

Form 6-K Filing Information Registrant Details This Form 6-K report is filed by Companhia Paranaense de Energia (COPEL), an energy company based in Curitiba, Paraná, Brazil, pertaining to the month of June 2022 - The registrant is Companhia Paranaense de Energia (Energy Company of Paraná), a foreign private issuer from Brazil[1] - The company files annual reports under Form 20-F[2] Notice to Debenture Holders Fulfillment of the Step Down Condition Companhia Paranaense de Energia (COPEL) announced that its subsidiary, Copel Distribuição S.A., fulfilled a key condition related to its 6th Debenture Issue by obtaining Category 'B' publicly-held company registration with the CVM on May 19, 2022, triggering a 'Step Down' condition for the interest rate of the first series of these debentures - The notice is directed to the debenture holders of the 6th Issue of Unsecured Simple Debentures of Copel Distribuição S.A[4] - On May 19, 2022, Copel Distribuição S.A. obtained registration as a Category 'B' publicly-held company with the CVM, fulfilling the 'Step Down' condition[4] Adjustment of Debenture Interest Rate Following the fulfillment of the Step Down condition, the interest rate for the First Series of the 6th Debenture Issue has been adjusted to the accumulated variation of the average daily DI (Interbank Deposits) rates plus a reduced spread of 1.75% per year, applicable from the next capitalization period Adjusted Interest Rate for First Series Debentures | Component | Description | | :--- | :--- | | Base Rate | 100% of the accumulated variation of the average daily DI (Interbank Deposits) rates | | Spread | 1.75% per year | | Applicability | Effective from the next Capitalization Period | Indenture Amendment To formalize the interest rate adjustment, COPEL, the Trustee, and the Guarantor executed a second amendment to the indenture agreement governing the 6th Debenture Issue, officially reflecting the new, adjusted spread for the First Series - A second amendment to the indenture was executed to reflect the adjusted spread of the First Series of the 6th Debenture Issue[6] Signatures and Forward-Looking Statements Signatures The report was duly authorized and signed on June 30, 2022, by Daniel Pimentel Slaviero, the Chief Executive Officer of Companhia Paranaense de Energia – COPEL - The report is signed by Daniel Pimentel Slaviero, Chief Executive Officer, on behalf of COPEL[11][12] Forward-Looking Statements The document includes a standard cautionary statement regarding forward-looking statements, clarifying that these are based on management's current views and are subject to risks and uncertainties, with no guarantee that expected events or results will occur - The press release contains forward-looking statements based on management's current views and estimates, which are not historical facts[13] - These statements are subject to risks and uncertainties, and actual results may differ materially from expectations due to changes in assumptions or factors like economic and market conditions[13]