Oi has presented a new version of its judicial recovery plan in order to address a debt of US$ 9.065,7 billion. This plan includes a 75% reduction in its financial debt (depending on creditor adherence and asset sales) and an 80% dilution of its current shareholders.
The new plan also includes the raising of additional debt in the form of a loan worth US$ 650 million, along with the sale of assets and competitive processes for the ClientCo unit and its stake in the company V.tal, with a minimum value of US$ 3.082,3 billion.
Furthermore, there is a provision for a potential capital increase through public or private subscription, or the contracting of new lines of credit.