GPA Creditors Tap Moelis as Adviser Amid Debt Restructuring

Brazilian supermarket chain GPA is undergoing debt restructuring through an out-of-court process, prompting creditor action. Local bondholders have enlisted Moelis & Co as their financial adviser to navigate the restructuring, according to insiders. The move follows GPA’s decision to address its debt burden outside formal bankruptcy proceedings, signaling potential financial strain. Creditors are consolidating representation amid negotiations, with Moelis providing strategic guidance on restructuring terms. This development highlights growing creditor activism in Brazil’s retail sector as companies seek to avoid court-supervised insolvency.