Oi breaches financial covenants

Monday 11 April 2016 | 09:13 CET | News
Brazilian operator Oi announced it has breached the financial ratios required under some of its outstanding debt issues. According to the operator, it notified GDC Partners Fiduciary Services of the non-compliance, and the latter convened a general meeting of bondholders on the issue for 15 April. Another breach of the covenants was notified to Planner Trustee DTVM, which convened a general meeting of debtholders for the same day. 

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Categories: General
Companies: Oi
Countries: Brazil
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