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Stock impact report

Americanas Nears Agreement With Banks to Restructure Debt [Yahoo! Finance]

Banco Bradesco Sa American Depositary Shares (each representing one Common Share) (BBDO) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg OpenAI Engineers Earning $800,000 a Year Turn Rare Skillset Into Leverage Xi Tolerance for Property Pain Nears Limit as Rescue Emerges Bond Rally Shows Signs of Stalling as Stocks Waver: Markets Wrap Dublin Night of Riots Leaves City With Trail of Destruction Hamas Releases Some Gaza Hostages in Truce Deal With Israel An agreement is a key step toward eventually exiting bankruptcy protection. Lenders have found common ground with the embattled company on details of the text to overhaul the debt, including a specific clause that banks should drop litigation rights, said the person, who asked not to be identified discussing confidential negotiations. Americanas declined to comment. Some 11 months after it sank into a crisis due to an accounting fraud that more than doubled its debt to 42.5 billion reais ($8.7 billion), an agreement would allow the company to present a new plan in court and should be approved in a creditor meeting slated for Dec. Show less Read more
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