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General

Oi to convert BRL 5 billion of debt into shares - report

Monday 16 January 2017 | 09:14 CET | News
Brazilian operator Oi intends to convert BRL 5 billion of debt owed to bondholders into new shares, reports O Globo. According to a source close to the negotiations, the discussion now regards how much this will represent in terms of the capital of the company. Oi may also offer creditors who do not want to convert their debt into shares the option of a direct sale to funds that are willing to inject resources into the operator.

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Categories: General
Companies: Oi
Countries: Brazil
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