Brazil: Americanas retailer creditors seek US$2.3 billion injection

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Creditors of Americanas SA, including some banks and bondholders, are willing to cut a deal with the struggling retailer’s billionaire shareholders if they agree to inject US$2.3 billion into the company, people familiar with the matter said.

Negotiations are progressing as creditors evaluate whether to accept a debt-for-equity swap proposed by Americanas, said the people, who asked not to be identified because the discussions are private.

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