UPDATE 3-Oi creditors offer more capital for restructuring -sources [Reuters]
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Source: Reuters
UPDATE 3-Oi creditors offer more capital for restructuring -sources | Reuters Reuters Staff 3 Min Read (Adds company response, Oi no comment) By Tatiana Bautzer and Gram Slattery SAO PAULO, Oct 27 (Reuters) - The two largest groups of Oi SA bondholders have agreed to inject more cash into a proposed restructuring of the Brazilian telecom’s debt, two people familiar with the matter said on Friday, in the latest twist in Latin America’s biggest-ever bankruptcy. The International Bondholders Committee and the Ad Hoc Group of Oi Bondholders said in a Friday statement that proposed changes, which it did not specify, could draw support from other creditors and provide enough new capital to make the restructuring plan “viable.” A third source with knowledge of the situation said Oi was analyzing the proposal. The sources requested anonymity because they are not authorized to speak publicly on the matter. Oi declined to comment. The additional funding could help the groups fend off a rival re
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