Independencia Misses Coupon Payment

Independencia Misses Coupon Payment

Brazil Corporate & Sovereign Strategy

Independencia will not make an upcoming interest payment on its 15% of 2015 bonds, the meatpacker says. The Brazilian company that emerged from bankruptcy protection proceedings in March cites “ongoing financial challenges” and notes it is in discussions with creditors to restructure debt. “The company has continued to struggle with its working capital requirements and has been unable to resume its operations at the level that will be sufficient to meet its projected obligations,” it says. Indep

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