BR Distribuidora reprofiles debt

BR Distribuidora reprofiles debt

Debt Loans Debenture Corporate & Sovereign Strategy Capital Markets Energy Gas Brazil

Brazilian fuel distribution company BR Distribuidora said it reprofiled roughly BRL3.5 billion ($765 million) in debt, increasing the average maturities to avoid massive payments previously due in mid-May. BR Distribuidora, previously part of the state-owned oil company Petrobras, took out loans in foreign currencies and export credit notes from Citi, Itaú Unibanco, JPMorgan, MUFG and Scotiabank, it said in a securities filing on Tuesday. It also said it got an extension for part of debenture th

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