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SAO PAULO (Reuters) – Brazilian telecom company Hey SA (OTC:) said late Friday that it had decided to delay the release of its 2022 financial statements to May 22, after the expected presentation of the judicial reorganization plan.
The company, which entered a second bankruptcy protection in March just months after emerging from similar proceedings, said the delay was mainly due to ongoing negotiations with a group of its financial creditors.
However, Oi released preliminary figures showing that it collected net revenue of 2.62 billion riyals ($518.96 million) in the fourth quarter of last year.
Its routine EBITDA for the Brazilian operations in the period was RO 320 million.
Aoi added that the company’s cash position at the end of 2022 amounted to 3.22 billion riyals.
In a separate securities filing, the telecom company said it entered into a bond purchase agreement with certain financial creditors to set terms and conditions for a court-approved debtor who owns $275 million in financing.
($1 = 5.0486 riyals)