Correios are seeking more money from banks, but say they don't need to use the R$ 8 billion billion-dollar limit.

Correios are seeking more money from banks, but say they don’t need to use the R$ 8 billion billion-dollar limit.

Written by Fabio Lucas Carvalho

Published on 24/04/2026 at 11:15

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Correios continue negotiating a new loan with banks after authorization to raise up to R$ 8 billion, but the state-owned company states that it should not use the entire approved limit, while advancing with property sales, PDV, renegotiation of liabilities, and agency closures to balance cash flow.

Correios continue negotiating with banks for a new loan as part of the state-owned company’s financial restructuring plan, the company’s president, Emmanoel Rondon, informed this Thursday (23). Despite the National Monetary Council’s authorization in February to raise up to R$ 8 billion, the company currently rules out using the entire limit.

Correios rule out full use of approved ceiling

Rondon stated that the measures already adopted for financial recomposition have increased the state-owned company’s liquidity. As a result, the value of any new credit should be less than the ceiling authorized by the CMN.

The new negotiation is part of the ongoing plan to adjust the company’s accounts. The state-owned company seeks to reinforce its cash flow without resorting, at this moment, to the maximum available amount.

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Previous loan totaled R$ 12 billion

In the first phase of the plan, Correios raised R$ 12 billion from a pool of banks at the end of 2025. The funds were used to ensure immediate liquidity, regularize financial flow, and settle overdue obligations.

The operation also aimed to restore the company’s credibility with suppliers, employees, and customers. The credit operations are guaranteed by the Union, with the National Treasury responsible for covering any defaults.

Property sales expected to boost cash flow

Among the ongoing measures, Correios are holding auctions of properties without operational use. The expectation is to raise approximately R$ 1.5 billion in extraordinary revenues.

The initiative also seeks to reduce maintenance costs. The sale of these assets is part of the set of actions aimed at balancing the state-owned company’s cash flow.

PDV had lower-than-expected adherence

Another front of the plan was the reopening of the Voluntary Resignation Program (PDV) in January 2026. The initial expectation was for 10,000 employees to adhere, but 3,181 employees opted for dismissal.

The number represents about 30% of the target audience foreseen by the company. The restructuring of Correios also foresees the rebalancing of the health plan, the renegotiation of judicial liabilities, and the closure of 16% of the company’s agencies.

Correios are seeking more money from banks, but say they don’t need to use the R$ 8 billion billion-dollar limit.

Correios continue negotiating a new loan with banks after authorization to raise up to R$ 8 billion, but the state-owned company states that it should not use the entire approved limit, while advancing with property sales, PDV, renegotiation of liabilities, and agency closures to balance cash flow.

Correios rule out full use of approved ceiling

Previous loan totaled R$ 12 billion

Property sales expected to boost cash flow

PDV had lower-than-expected adherence

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Correios are seeking more money from banks, but say they don’t need to use the R$ 8 billion billion-dollar limit.

Correios continue negotiating a new loan with banks after authorization to raise up to R$ 8 billion, but the state-owned company states that it should not use the entire approved limit, while advancing with property sales, PDV, renegotiation of liabilities, and agency closures to balance cash flow.

Correios rule out full use of approved ceiling

Previous loan totaled R$ 12 billion

Property sales expected to boost cash flow

PDV had lower-than-expected adherence

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