Daniel Silveira
BroadSpan Capital
Abril Group
Deal Type
Debt restructuring
Sector
Technology
Completion Date
16th December 2016
Deal Value
Not disclosed
Company Background
Founded in 1950 and headquartered in São Paulo, Abril S.A ("Grupo Abril" or “Company”) is a media conglomerate providing content, information, and communication and logistics solutions in Latin America.
Deal Summary
BroadSpan served as exclusive financial advisor to Grupo Abril in a debt restructuring process.
Challenged by the fast-pacing structural changes imposed by technology in media delivery, Grupo Abril began in 2013 a financial restructuring process, including the divestment of non-core assets to relief the Company’s financial obligations.
On December 2016, the Company announced the settlement of negotiations to structure a new bond with a 2-year grace period and 7-year term.
Value Added
BroadSpan conducted short and medium-term cash flow projections and performed a comprehensive debt sustainability analysis. In addition, BroadSpan lead negotiations with creditors and their advisors on behalf of Grupo Abril, which resulted in the restructuring of Grupo Abril's debt, meeting its expectations.
