Overview
- The state postal operator signed the contract and had the loan extract published in the Diário Oficial, unlocking R$10 billion this year and R$2 billion by the end of January 2026.
- The syndicate comprises Caixa Econômica Federal, Banco do Brasil, Bradesco, Itaú and Santander, with a sovereign guarantee that commits the federal government if the company defaults.
- The facility runs for 15 years with roughly three years of grace and costs about 115% of the CDI, staying within Treasury parameters for guaranteed credit.
- Disbursements are conditioned on a restructuring that includes a voluntary exit program for 15,000 employees and the closure of about 1,000 units, with the detailed plan slated for presentation on Monday.
- Proceeds will cover urgent obligations such as salaries, precatórios and overdue debts and support working capital, following heavy losses exceeding R$6 billion through September and a previously rejected R$20 billion proposal.