Overview

• Talks center on a syndicated loan led by Banco do Brasil and Caixa with private banks BTG Pactual, Citibank and ABC Brasil in discussions, and final participation remains undecided.
• The package targets roughly R$10 billion in 2025 and another R$10 billion in 2026 to stabilize short-term cash needs.
• Proceeds would fund working capital and restructuring measures including a voluntary layoff program, changes to the employee health plan and renegotiation of overdue obligations.
• Correios president Emmanoel Schmidt Rondon is set to present the first phase of the reorganization and immediate steps at a Brasília briefing today.
• A federal guarantee is expected for the operation, with a direct Treasury cash injection not ruled out but constrained by fiscal limits as opposition lawmakers voice criticism of the rescue.