Home / Daily Briefs / 2023 / 3 / Oi again seeks protection from creditors

Oi again seeks protection from creditors

Oi again seeks protection from creditors

February 3, 2023 | Thierry Ogier
Brazilian telco says it could renegotiate debt despite exiting bankruptcy in December

Corporate & Sovereign Strategy Bonds Debt Equity Brazil Telecoms Mobile Fixed-Line Regulation

Brazilian telecommunications company Oi said Thursday that it requested "urgent injunctive relief" from a court in Rio de Janeiro as it looks into "a potential renegotiation of certain debts." The Rio-based telco, which only exited bankruptcy proceedings on December 14, also asked the court to suspend "the enforceability of certain obligations assumed by the company, aiming to protect its cash and, consequently, the continuity of negotiations with its creditors in a balanced and transparent mann

Already have an account?

    Forgot your password?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial