Homes Bahia Advance in Forward Conversion of R$ 1.5 B Debt in New Shares; 'Lock up' Time Is Defined

Poder360

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The retail chain Casas Bahia has presented a plan to bring forward the deadline for converting the 2nd series debentures of the 10th issue, worth R$1.56 billion, into common shares. The goal is to reduce the company's debt level. The information is contained in a material fact released on Thursday (June 5, 2025). According to the announcement (see the full text - 918 KB), the conversion may be made as of June 2025, as agreed with the holders of …

CNN Brasil

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The actions of Casas Bahia were fired this Saturday (6), after the spring network announced that it is in negotiations with creditors in October for a debt conversion of R$15.57 billion in company shares. The operation involves dues from the second series of the tenth issue and the forwarding of the conversion has already been supported by 99.99% of the creditors, according to the company. In the relevant fact, released on Friday-Friday (5), the…

Globo

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This process is essential to try to turn the company's restructuring page, which involves the operational part, already in progress, and the financial part, since 2023, by the new management led by Renato Franklin

braziljournal.com

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Casas Bahia has just announced that it has concluded negotiations with its creditors for the conversion of part of its debt — a move that will reduce the company's loan by half at a time when the financial expenditure has consumed all of EBITDA. Casas Bahia has today a gross debt of R$ 4.5 billion, with a loan of 1.6x EBITDA. The company will convert into shares throughout the series 2 of its 10th debt issue (which totals R$ 1.5 billion). Today …