Companhia Brasileira de Distribuição - GPA (PCAR3) reported that on August 12, 2026, it obtained approval of the main terms and conditions (Term Sheet) that will be reflected in the indentures for the new debentures (debt securities issued by companies) to be issued after court ratification of its out-of-court reorganization plan (the “Plan”).
According to the announcement, the Term Sheet was approved by creditors representing more than half of the creditors subject to the Plan, including more than two-thirds of the creditors who chose the payment option (Option A), which involves the contribution of new funds to the company. The document was submitted to the court overseeing the out-of-court reorganization, as provided for in item 10.1.8 of the Plan.
The Term Sheet will be available for consultation in the records of the company’s out-of-court reorganization proceedings and on the investor relations website. The company states that it will continue to keep its shareholders and the market informed as required by applicable regulations.
