Eletrobras renegotiates debt, signs new loan

Eletrobras renegotiates debt, signs new loan

Corporate & Sovereign Strategy Debt Economy & Policy Equity Structured Finance Loans Energy Brazil Latin America

Brazilian state-owned power company Eletrobras said Friday that it had renegotiated BRL4.03 billion ($786 million) in debt with a former subsidiary, Amazonas Energia, and obtained a credit line from Banco do Nordeste do Brasil (BNB). Eletrobras said in a securities filing its board of directors approved the debt negotiation with Amazonas Energia, which the company sold at auction to Oliveira Energia and the fuel distribution company Atem in 2018. The power company agreed to divide part of the ou

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