Deutsche Bank is a surprise among Americanas creditors – 01/25/2023 – Market

The German bank Deutsche Bank appears as the main creditor of Americanas according to the list delivered by the retailer this Wednesday (25) to the 4th Business Court of Rio de Janeiro, with a debt in the amount of US$ 1 billion (R$ 5.2 billion).

The company’s total debt amounts to R$41.2 billion, owed to 7,967 creditors.

Among the banks, it was surprising that the biggest debt is with the German institution. In this case, however, the bank claims that it has no credit granted to Americanas.

The value refers to securities issued by the retailer abroad, which are under the custody of the financial institution.

Of the total, R$ 41 billion belong to the unsecured class (unsecured credit), R$ 109.5 million to the micro and small companies class, and R$ 64.8 million refer to the working class. The company has named all of its creditors by name.

Banks are the biggest creditors, but the list has tech giants like Google, Apple and Samsung, as well as big food industries like Nestlé.

In the case of traditional credit operations, the largest debt is with Bradesco, in the amount of R$4.5 billion. Santander Brasil is a creditor of R$ 3.6 billion.

Next come BTG Pactual, with R$3.5 billion, BV (Votorantim), with R$3.3 billion, Itaú Unibanco, with R$2.7 billion, Safra, with R$2.5 billion, and Banco from Brazil, with R$ 1.36 billion.

Other public banks are also on the list of Americanas’ creditors, such as Caixa Econômica Federal, with BRL 501.4 million, and BNDES (National Bank for Economic and Social Development), with BRL 276 million.

Other companies of the Americanas SA group are among the largest creditors, such as B2W Lux and JSM Global, both headquartered in Luxembourg, with sums of approximately R$6.7 billion.

Americanas filed for bankruptcy last week, with a debt of BRL 43 billion, after detecting “accounting inconsistencies” of BRL 20 billion earlier this month.

Americanas informed on Tuesday (24) that it says it hired Alvarez & Marsal to help coordinate the retailer’s judicial recovery process.

In a relevant fact, Americanas stated that Alvarez & Marsal “will act in coordination with Rothschild as the company’s interlocutor in the renegotiation of the financial debt”.

With Reuters