Oi picks Laplace Financas as restructuring advisor - report

Friday 11 November 2016 | 09:31 CET | News
Brazilian operator Oi has contracted financial advisory firm Laplace Financas to help restructure about BRL 41.2 billion in debt with banks and bondholders, a person with direct knowledge of the matter told Reuters. Sao Paulo-based Laplace replaces PJT Partners as Oi's adviser on the debt plan and could earn up to BRL 20 million in retention and other fees. The CEO of Oi, Marco Schroeder, had recommended the Board hire a Brazil-based firm with deep knowledge of the country's bankruptcy proceedings.

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Categories: General
Companies: Oi
Countries: Brazil
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