Americanas Bondholder Group Taps Akin for Debt Restructuring

A group of bondholders to distressed Brazilian retailer Americanas SA have tapped Akin Gump Strauss Hauer & Feld as its legal adviser as the company prepares to restructure its debt, according to people with knowledge of the matter.

The ad hoc committee of bondholders was recently formed and will select a financial adviser in the coming weeks, said one of the people, who asked not to be named because discussions are private.

Representatives for Akin and Americanas didn’t immediately respond to messages seeking comments. Reorg earlier reported on the hire.

Americanas filed for bankruptcy protectionin Brazil on Jan. 19 …