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(Reuters) – Brazilian retailer Americanas SA has requested debtor-in-possession financing of not less than 1 billion reais ($197.12 million) as a part of its chapter course of, based on a securities submitting Tuesday.
The financing goals to assist the corporate preserve the “regular course of its enterprise and reinforce its liquidity,” the agency stated.
Americanas, backed by the billionaire trio that based funding agency 3G Capital, entered chapter safety this month after disclosing “inconsistencies” in its accounting, main high traders similar to BlackRock and Capital Group to cut back their positions within the agency.
It added it has been in talks with reference shareholders – Brazilian billionaires Jorge Paulo Lemann, Marcel Telles and Carlos Alberto Sicupira, the founders of 3G Capital – about the potential of them subscribing as much as the totality of the financing minimal quantity.
($1 = 5.0731 reais)
(Reporting by Carolina Pulice and Gabriel Araujo; Enhancing by Isabel Woodford and Stephen Coates)
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