{"id":42488,"date":"2023-01-16T14:15:17","date_gmt":"2023-01-16T14:15:17","guid":{"rendered":"http:\/\/www.brandon.ddtest.info\/multisite-test\/americanas-shares-plunge-37-after-retailer-wins-debt-protection\/"},"modified":"2023-01-16T14:15:17","modified_gmt":"2023-01-16T14:15:17","slug":"americanas-shares-plunge-37-after-retailer-wins-debt-protection","status":"publish","type":"post","link":"http:\/\/www.brandon.ddtest.info\/multisite-test\/americanas-shares-plunge-37-after-retailer-wins-debt-protection\/","title":{"rendered":"Americanas Shares Plunge 37% After Retailer Wins Debt Protection"},"content":{"rendered":"

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By Jeffrey T. Lewis<\/p>\n\n

SAO PAULO–Americanas SA’s shares dropped 37% after the Brazilian retailer said it had won a court order protecting it from creditor requests for early repayment of debt.<\/p>\n

Americanas’s shares reached 1.98 reais, the equivalent of 39 cents, and are down 90% over the past year through Friday’s close. Brazil’s benchmark Ibovespa stocks index was down 0.8% in early trading.<\/p>\n

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The company last week said it had discovered an accounting gap of about $3.9 billion related to financing for its suppliers. Americanas’s CEO and CFO both resigned from the company. The CEO, Sergio Rial, said the company would likely need a cash injection and would probably have to increase its debt.<\/p>\n

Americanas said on Friday after the close of trading that a judge had granted its request for protection from creditors trying to invoke clauses in their contracts allowing the lenders to request early repayment of debt.<\/p>\n\n

Write to Jeffrey T. Lewis at jeffrey.lewis@wsj.com<\/p>\n<\/div>\n<\/div>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Jeffrey T. Lewis SAO PAULO–Americanas SA’s shares dropped 37% after the Brazilian retailer said it had won a court order protecting it from creditor requests for early repayment of debt. Americanas’s shares reached 1.98 reais, the equivalent of 39 cents, and are down 90% over the past year through Friday’s close. Brazil’s benchmark Ibovespa …<\/p>\n","protected":false},"author":1,"featured_media":42489,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[161],"tags":[],"_links":{"self":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/42488"}],"collection":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/comments?post=42488"}],"version-history":[{"count":0,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/42488\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media\/42489"}],"wp:attachment":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media?parent=42488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/categories?post=42488"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/tags?post=42488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}