Invepar negotiates standstill agreements

Invepar negotiates standstill agreements

Project & Infrastructure Finance Loans Debt Corporate & Sovereign Strategy Economy & Policy Regulation Brazil Coronavirus

Brazilian infrastructure investor Invepar is negotiating tax and debt standstill agreements with public authorities and commercial banks in a bid to contain the economic fallout from the coronavirus outbreak on its highway concessions, a source told LatinFinance on Friday.The company has entered talks with banks that provided financing for the projects as stricter quarantine measures in Brazil have led to fewer vehicles on the highways and lower revenues, the source said.Earlier in the week, Inv

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