Brazil’s Oi consent bid for 10%/12% PIK toggle notes due 2025 expires on May 5

By Rebecca Melvin

Concord, N.H., April 29 – Brazil’s Oi SA – In Judicial Reorganization amended the terms of its consent solicitation regarding its 10%/12% senior PIK toggle notes due 2025, according to a company announcement.

There are $1,653,557,000 of the 2025 notes outstanding. The company said that the expiration date, revocation deadline and record date remain 5 p.m. ET on May 5.

In a Feb. 18 supplement to its solicitation the expiration date, revocation deadline and record date was amended to 5 p.m. ET on March 11.

BofA Securities, Inc. (888 292-0070 or 646 855-8988) is the solicitation agent, and D.F. King & Co. Inc. (212 269-5550 or 877 761-6521) is the information agent for the consent solicitation.

The telecommunication service provider is based in Rio de Janeiro.

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