Americanas delivered today the list of debts and creditors to the 4th Corporate Court of Rio de Janeiro, which accepted the company’s request for judicial recovery last Thursday (19).
On the list, Americanas declares a total debt of R$ 41.2 billion to 7,967 names.
- Banks, technology companies and even chocolate manufacturers appear in the document — Americanas says it is “the largest retailer of Easter eggs in the world” and used this argument in the request for judicial recovery.
- One of Americanas’ creditors is Ambev, which belongs to the same shareholders as the retailer, Jorge Paulo Lemann, Marcel Telles and Beto Sicupira. The debt is R$ 4.1 million.
- Another significant debt is with B2W Lux, the company that operates as Americanas’ marketplace, totaling R$3.2 billion.
see other names
- Deustche Bank: BRL 5.2 billion
- Bradesco: BRL 4.5 billion
- BTG Pactual: BRL 3.5 billion
- Itaú Unibanco: BRL 2.7 billion
- Banco do Brasil: BRL 1.3 billion
- Harvest: BRL 2.5 billion
- Santander (Brazil): BRL 3.6 billion
- Votorantim: BRL 3.2 billion
- Caixa Econômica Federal: BRL 501 million
- Google: BRL 294 million
- Apple: BRL 98 million
- Facebook: BRL 14.8 million
- Nestlé: BRL 259 million
- Ferrero Rocher: BRL 14.8 million
- Mondelez: BRL 93 million
- Neugebauer: BRL 15 million
- Hershey: R$ 16.7 million
- Samsung: BRL 1.2 billion
- Semp: BRL 70 million
- LG: BRL 52.8 million
- Lenovo: BRL 31 million
- Dell: BRL 37 million
Understand the American Crisis
- Judicial recovery is a legal instrument that aims to give a company breath to recover from a difficult financial situation and avoid bankruptcy.
- The former CEO of the company Sérgio Rial stayed only ten days in office and resigned after revealing a R$ 20 billion shortfall in the company
- On the 13th, Americanas obtained an injunction against creditors and the court gave the company 30 days to decide whether or not to file for judicial recovery, citing a potential debt of R$40 billion.
- The S&P agency downgraded the credit risk rating of Americanas to “D”, from default.
- Banks were able to reverse the preliminary decision and, due to the lack of progress in negotiations with creditors, the Americanas decided on the path of judicial recovery.
- BTG Pactual, Bradesco and Santander Brasil are among the most exposed to the retailer’s debt.
- CVM opened investigations to investigate the accounting scandal. A group of minority shareholders also sued for damages and said the company “manipulated facts and data”.
- To justify the request for judicial recovery, the company argued that without protection against creditors there is a risk of ‘absolute annihilation of the group’s cash flow’, which will prevent the payment of suppliers and employees.
- The company claims to maintain more than 100,000 direct and indirect jobs, and gather 3,600 establishments in the country.