Paranapanema signs debt restructuring

Paranapanema signs debt restructuring

Equity Bonds Loans Corporate & Sovereign Strategy Brazil

Copper producer Paranapanema has signed a $616m debt restructuring with its main creditors, according to a statement from the company. The obligation of the creditors to implement the debt restructuring is subject to a commitment by Paranapanema to issue new shares and the conversion of convertible debentures into shares by the Creditors. Paranapanema will make a capital increase through a public offering of shares, under Brazil's Rule 476. It is estimated that the amount to be offered by the co

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