Oi has 14 creditors and a debt close to R$30 billion; see list

The operator Oi has a list of 14 creditors, with which the debt reaches R$ 29.75 billion, points out a document to which the Sheet had access. The value has been updated until December 31, 2022.

The largest portion of the debt, equivalent to R$ 9 billion, is with the Bank of New York Mellon. The institution appears in the document as a trustee (manager of debt securities).

Next comes the trustee GDC Partners. The credit is of almost R$ 8.3 billion.

Then come Wilmington Trust, from London, whose credits add up to almost BRL 5.4 billion, China Development Bank (BRL 3.8 billion) and Itaú BBA (BRL 2 billion).

Oi left its judicial recovery process in December 2022, but is still facing financial difficulties.

A sign of this is that the company had to seek in court, last week, protection against the blocking of assets by creditors. There is expectation of a second request for judicial recovery of the company.

Fundação Atlântico de Seguridade Social (BRL 948.1 million), a closed supplementary pension entity sponsored by Oi, Banco do Nordeste (BRL 156.4 million), Banco da Amazônia (BRL 100 million), Bradesco (BRL 34 .4 million) and Banco ABC Brasil (R$ 2.5 million) are also on the company’s list of creditors.

Santander (R$ 2.3 million), BNP Paribas Brasil (R$ 675.5 thousand), Banco Fibra (R$ 29 thousand) and Banco Modal (R$ 24.8 thousand) complete the list with amounts receivable.