The statement from OK (VOUCH3) on the debt restructuring agreement of Samarco and the start of production Petrobras (PETR4) in the field of Búzios are some of the highlights of this Thursday, the first day of June.
On the eve, the OK disclosed to the market that it arrived, together with the BHP BillitonSamarco and certain creditors who hold more than 50% of Samarco’s debt securities and unhedged bank debt to an agreement to restructure the company’s debt.
The agreement is intended to be implemented through a consensual restructuring plan, subject to approval by the majority of creditors and ratification by the Court of Judicial recovery (RJ).
Under the terms, Samarco will complete the RJ with a lean capital structure and payments to financial creditors will be made over time.
In addition, Samarco’s disbursement to finance the repair will be limited to US$1 billion between 2024 and 2030, while the remaining balance of the repair will be divided equally between Vale (VALE3) and BHP.
PETR3; PETR4
A Petrobras (PETR3; PETR4) began production on the Almirante Barroso platform, in the Búzios field, in the Santos Basin pre-salt layer, 180 km off the coast of Rio de Janeiro.
According to the oil company, the platform has a daily production capacity of up to 150,000 barrels of oil and 6 million cubic meters of gas.
The entry into operation will contribute to the oil production of the Búzios field, which is currently at an average of 560,000 barrels per day, representing about 17% of national production, the company said.
CPLE6
A copel (CPLE6) informed the market that the risk rating agency Fitch Ratings reaffirmed the ‘AAA (bra)’ long-term rating of the company and its wholly-owned Generation, Transmission and Distribution subsidiaries.
This rating is the highest possible on Fitch’s scale, the company said. At the same time, the outlook for the corporate ratings was maintained at stable.
According to Fitch, this rating reflects Copel’s solid business profile, robust cash generation, positive FCF, efficiency gains in distribution, conservative financial leverage and the lower prices that affect the generator.
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AMER3
A Americans (AMER3) estimates the release of the financial statement for the fourth quarter of 2022 until August 31, the retailer said last Wednesday.
The company entered judicial recovery this year after revealing accounting inconsistencies of about R$ 20 billion in past financial statements, which led to delays in its balance sheets.
POMO4
The bodywork manufacturer Marcopolo bus (POMO4) informed that its Board of Directors authorized the company to participate in the capital increase of the Canadian manufacturer NFI Group.
The company’s total investment in the operation could reach US$ 19 million through the acquisition of 3.1 million new NFI shares, according to a statement from the Brazilian company.
Marcopolo holds an 8.5% stake in the capital stock of NFI, a manufacturer of urban and highway buses whose shares are listed on the Toronto Stock Exchange.
Source: Moneytimes
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