Lupatech S.A. (BOVESPA:LUPA3) announced a private placement of 30,000,000 1 series convertible debentures at a price of BRL 1 per debenture for the gross proceeds of BRl 30,000,000 on November 28, 2017. The debentures will have interest rate of referential rate + 6% per year base 365 days calculated annually. The transaction will be closed within 44 days. Existing shareholders will have preferential rights to subscribe debentures at the proportion of the shares held. The transaction was approved by the board of directors of the company.