Souto Correa advises Tok&Stok in its debt restructuring
Souto Correa Advogados has advised retailer Tok&Stok on restructuring its R$350 million debt with a banking pool.
The agreement included a two-year payment freeze for creditors, an additional R$100 million debt capitalization by shareholders, and the closure of 17 stores while retaining the remaining 51 profitable units. The company announced the completion of the process on June 26, stating that the restructuring will allow the company to refocus on its business and manage its cash flow more efficiently.
Souto Correa advised Tok&Stok. The team was led by partners Mauricio Paschoal, Luis Felipe Spinelli, and Mariana Guenka (pictured from left to right), and also included associates Lara Seikel and Anna Laura Dal Molin. Tok&Stok was also advised by its general counsel Mariana Klein T. Heck.
