Americanas SA, the embattled Brazilian retailer, proposed a plan to restructure its 42.3 billion real ($8.1 billion) debt load some two months after obtaining bankruptcy protection that includes losses for unsecured creditors, a capital injection and asset sales.
The plan, released late Monday in a securities filing, foresees a capital injection of 10 billion reais and potential asset sales including its Hortifruti Natural da Terra food markets, stake in Uni.Co and corporate jet. Americanas plans to impose losses of between 60% and 80% on unsecured financial creditors depending on a series of options to be chosen including ...
