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General

Oi creditors to propose alternative restructuring plan

Monday 12 December 2016 | 09:38 CET | News
An ad hoc committee of certain facility agents, export credit insurers and banks including China Development Bank that hold more than USD 1.6 billion of claims against Oi are expected to present a term sheet for an alternative restructuring plan for the Brazilian operator in the next two weeks. FTI Consulting Canada, Milbank, Tweed, Hadley & McCloy and Mattos Filho, Veiga Filho, Marrey Jr. and Quiroga Advogados are the professional advisors to the ad hoc committee. The advisors said they are in active discussions with the bondholder group represented by Moelis & Company and the Sawiris Group

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Categories: General
Companies: Oi
Countries: Brazil
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