Oncoclínicas Creditors Back Out-of-Court Restructuring Plan
1 report, 1 independent
Updated 00:00
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What happened
Creditors holding 61.6% of the covered debt for Oncoclínicas backed its out-of-court restructuring plan on October 30, 2026, according to reports. The covered debt base is approximately R$5.7 billion. The company will now seek approval from the São Paulo court to make the plan binding on the covered creditors.
From riotimesonline.com
Why it matters
The restructuring plan offers creditors various options, including accepting a discount, receiving company shares, or replacing claims with new debt. Special terms are available for suppliers who continue trading with the company.
From riotimesonline.com
Who's involved
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The entities involved
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São Paulo
Municipality of São Paulo state, Brazil