Brazil’s Oi looks at extending debt maturities via asset sale

By Susanna Moon

Chicago, Sept. 21 – Oi SA said it hired NM Rothschild & Sons (Brasil) Ltda. to assess the possibility of using proceeds from an asset sale to extend its debt maturities.

Rothschild has been charged with assessing “the optimization of the use of the resources derived from the sale of PT Portugal SGPS SA, with the purpose of extending the maturities and improving the company's debt profile,” according to a company press release.

The company said it has not hired any banks, however.

Oi is a Rio de Janeiro-based telecommunications service provider.

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