Brazilian retailer Americanas SA owes a variety of creditors around $8 billion, a Rio de Janeiro court said on Wednesday, providing the most detailed picture yet of the banks and other groups exposed to the company's bankruptcy.
People walk in front of a Lojas Americanas store in Brasilia, Brazil January 12, 2023. REUTERS/Ueslei Marcelino/File Photoowes a variety of creditors around $8 billion, a Rio de Janeiro court said on Wednesday, providing the most detailed picture yet of the banks and other groups exposed to the company's bankruptcy.last week after disclosing "inconsistencies" in its accounting, leading top investors such as BlackRock and Capital Group to scale back their positions in the firm.
The list provided on Wednesday includes roughly 41.2 billion reais in debt, according to the court, which initially did not disclose the names of the creditors. Later, however, Americanas revealed the full list of 7,720 creditors in a securities filing, ranging from small debts with individuals and cities to multibillion-reais debts with banks.topped the list of creditors originally disclosed by Americanas with $1 billion, but the German lender later said it had no exposure to the retailer and would not be affected by its bankruptcy.
"Deutsche Bank is not affected as it neither has a lending relationship nor any credit exposure to the company in question," it said in an emailed statement. A source familiar with the situation said Deutsche Bank instead acted as trustee for two bonds of $500 million each guaranteed by Americanas.
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