Americanas, which filed for bankruptcy protection in January after uncovering 20 billion reais, some $4 billion, in accounting fraud, is now negotiating changes in the plan to win over debt holders who have previously indicated they would reject it. Americanas said in a securities filing it expected to disclose its previous financial information by August 31. With almost 11 billion reais ($2.31 billion) in Americanas debt in hand, the debt holders are considering demanding smaller haircuts than the roughly 70% the restructuring plan calls for and additional compensation for their losses, according to two sources close to the matter. "Most of the (debt) can't be converted into shares - for pension or credit funds, there are legal restrictions, said Adriano Casarotto, a credit manager at Western Asset which holds 300 million reais in Americanas debt. In a statement, Americanas said it remains "committed to its creditors" to build a consensus on its recovery plan and that is still subject to adjustments.

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Persons: Americanas, Leonardo Coelho, Adriano Casarotto, Carolina Pulice, Anthony Esposito, Diane Craft Organizations: MEXICO CITY, Americanas SA, Americanas, Western, Thomson Locations: MEXICO