Business · Companies · 14 hrs ago
Oncoclínicas has support from CRI holders but needs more creditors for debt plan
Brazilian cancer-care company Oncoclínicas is trying to restructure just over R$5 billion in debt.
Holders of more than R$1.5 billion in property-backed credit securities have agreed to terms, but the company also owes R$2.74 billion in debentures, another major creditor group.
Oncoclínicas must submit a debt-restructuring plan to a court by October 14 to avoid judicial recovery, a court-supervised process.
Its latest proposal would turn creditors’ claims into debentures paid in stages from 2031 to 2040, with returns linked to inflation and interest.
The terms differ from the company’s initial proposal, and the final documents have not been completed.
The company also forecasts that revenue and operating profit will rise through 2031, but its debt is expected to remain high.
The sources do not say whether enough creditors will agree or what will happen after the deadline.
Oncoclínicas has won support from holders of more than R$1.5 billion in real estate receivables certificates, but still needs enough creditors to back its debt restructuring plan.
The company is negotiating debt of just over R$5 billion, including R$2.74 billion in debentures.
It must submit an out-of-court restructuring plan to the court by October 14 to avoid judicial recovery.
The proposed main restructuring would convert creditors’ claims into two series of debentures, with payments scheduled from 2031 to 2040.
- Who
- Oncoclínicas and its creditors, including holders of real estate receivables certificates and debentures.
- What
- The company is negotiating a debt restructuring plan and has secured support from CRI holders. It needs more creditors to back the plan.
- When
- The plan must be submitted by October 14, 2026.
- Where
- Not stated.
- Why
- Oncoclínicas needs the plan to avoid judicial recovery.
This story does not have two clearly opposing sides.
drafts
put on paper
Oncoclínicas disclosed updated restructuring material that differed from its initial proposal.
Estadão reported that CRI holders had supported the plan, while the company still lacked sufficient creditor backing.
The deadline for submitting the plan to the court.
- Debt under negotiation
- Just over R$5 billion
- CRI holders’ support
- More than R$1.5 billion
- Debt represented by debentures
- R$2.74 billion
- Plan submission deadline
- October 14, 2026
- Proposed Series A share of claims
- 70%
- Proposed Series B share of claims
- 30%
Sources
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