See how the Americanas case affects loans to companies, understand all the problems caused by Americanas.
Often in our superficial judgments we believe that the heat given by the American stores affected only their creditors.
However, this is far from being true, the American case directly affected other companies, even those that had no direct relationship with them.
Obviously, creditors were the most affected, as well as some professionals who had labor problems.
This list includes suppliers, and even investors in Real Estate Funds who suffered from rent defaults.
Understand now how the American case affects loans to companies, and how much this problem affects the planning of other companies.
The debt of the Americans
Firstly, the size of American debt is astronomical, reaching an incredible R$ 43 Billion.
The accounting inconsistencies scared those responsible for granting credit to companies. The default turned on the warning light, this is bad for the market, as interest rates rise.
The greater the risk of “default”, the higher the interest on loans. This affects all companies seeking credit for their market operations.
Thus, even companies that did not suffer problems with Americanas' debt failed to receive any value. They were directly affected by interest rates that increased significantly.
Despite being a situation that does not reflect the majority of companies' behavior in the market, a risk of default was perceived.
Even from companies that have strength in the market, with values like Americanas. Therefore, the problem tends to be greater for those who are looking for credit from banks.
How many creditors does Americanas have?
In principle, the amount of 43 billion is owed to 16 thousand creditors, that's right, there are thousands of people directly affected by the company's default.
Shareholders Carlos Alberto Sicupira, Jorge Paulo Lemann and Marcel Telles even offered 6 billion to the banks for negotiation.
However, given the amount of 43 Billion in debt, the banks wanted at least 10 Billion to start negotiating.
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Therefore, there was no agreement, which had a cascading effect on its creditors, who, when they were left without receipts, were unable to pay their debts.
This left other creditors unable to receive their payments, generating a feeling of insecurity in the market.
What did this bring? Increase in interest rates and greater difficulty in approving credit with banks.
And the initial forecast of granting credit to companies?
The American case affects loans to companies, and the forecast of granting credit helping companies grow will need to wait.
At least until the market has more security, and defaults decrease, the logic is quite simple. The higher the number of defaults, the higher the interest rates and the greater difficulty in obtaining credit.
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Therefore, as the loss of Lojas Americanas was huge, banks are more cautious. Therefore, any planning to rely on bank credits will have to wait a little longer.
If your company is seeking credit, this is the worst time, as the amounts tend to be higher than in another scenario.
