Oi appeared on the request of the extension of RJ by CEF, Itaú and BB

Posted at 9:31 pm

B3 and the Securities and Exchange Commission (CVM) requested Oi (OIBR3) to clarify the info printed by the Estadão Broadcast+ on the seventeenth of November.

The assertion says that “Caixa Econômica Federal, Banco do Brasil and Itaú Unibanco requested to increase the authorized restoration course of (RJ) of Oi and to stop the cash from the sale of the operator’s property as assure the fee of money owed, totaling BRL 6.9 billion”.

In a press release despatched to the market on Monday night time, the twenty first, Oi stated that the proposal of Caixa Econômica Federal, Banco do Brasil and Itaú Unibanco “doesn’t settle for” the necessities, procedures and triggers set forth in the modification to the Judicial Protection Plan (APRJ).

According to Oi, the assertion is justified as a result of, when the APRJ was authorised, Oi was certain, beneath sure circumstances set out in the APRJ, to pay some of collectors, together with banks, as much as 3 rounds, after asking for a reduction of 55%.

“Currently, what is clear is that the circumstances laid down in the APRJ for the advance fee and low cost talked about above haven’t been met”, the assertion stated.

In response to the request of the Banks, Oi indicated that it was proven in the information of the court docket proceedings that, at the moment, it has not reached a great worth in the calculation of the Net Income from Financial Events.

“Consequently, based mostly on the above-mentioned info and the opinion that there isn’t a structure or provision in the APRJ to justify the request for the prohibition of revenue from the sale of the firm’s property to ensure the fee of the money owed, in any other case there isn’t a justice in the obligation request made by the Banks”, stated Oi in the assertion.

“Oi understands that this assertion doesn’t warrant the extension of Oi’s authorized treatment, as the firm has met and continues to adjust to all obligations set forth in the PRJ and APRJ all through whereas the trial examines his elevating”, stated tele. in a dialogue of clarification with B3 and CVM.


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