GPA reached an agreement with creditors to restructure R$ 4.5 billion in debt, cutting the amount in half to R$ 2.1 billion. The agreement was approved by creditors holding 57% of liabilities and includes three options: term extension, equity conversion, and 70% discount.
GPA entered extrajudicial recovery in early March 2025 due to an imbalance between its operational reality and the level of debt accumulated over time. Extrajudicial recovery is a legal instrument that allows companies to renegotiate their debts with creditors outside the judicial environment, avoiding bankruptcy.
GPA restructured debt of R$ 4.5-4.6 billion, reducing it to approximately R$ 2.1 billion
The agreement was approved by creditors holding 57% of liabilities, including Itaú, HSBC, Rabobank and BTG Pactual
Covered by only some sources, or where the accounts diverge.
Covered by only some sources (2)
A lawyer representing creditors said the plan is inadequate and will challenge the minimum credit clause
GPA shares rose 8.8% on the announcement day and 4% the previous day, but accumulate a 31% decline for the year
No gaps declared — all sources converge on the material facts.