Overview
- Saturday’s Diário Oficial da União published the loan extract, clearing Correios to draw funds as early as next week, with reports pointing to Tuesday.
- The credit comes from a five-bank syndicate—Caixa, Banco do Brasil, Bradesco, Itaú and Santander—under a Union guarantee following Treasury approval.
- Proceeds are designated for working capital and strategic investments, with immediate use to cover salaries, precatórios and overdue debts to restore compliance.
- The contract runs to 2040 with a 15-year amortization and interest near the Selic benchmark.
- Loan conditions tie to a turnaround plan that targets voluntary departures of about 15,000 employees, closure of roughly 1,000 units and asset sales of around R$1.5 billion to support a return to profit in 2027.