CVC wraps up restructuring

CVC wraps up restructuring

Corporate & Sovereign Strategy Capital Markets Debt Debenture Brazil Latin America Rule 476

Brazilian tourism and travel company CVC said late Thursday that it had restructured BRL1.5 billion ($280 million) in debt to deal with the financial fallout from the COVID-19 pandemic. CVC extended the maturity on BRL600 million worth of debentures by one year to November 2021 and agreed to pay 57% of the principal on November 23. It also agreed to pay 10% of the principal of two other debentures on the same day, it said in a securities filing. The Santo André-based company said it will start m

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