Atvos' creditors approve restructuring plan

Atvos' creditors approve restructuring plan

Debt Corporate & Sovereign Strategy Funds Brazil US

Creditors for Brazilian ethanol producer Atvos have approved a restructuring proposal put forward by parent company Odebrecht, possibly paving the way for a new investor to inject capital into the company in the next month, a source involved in the talks told LatinFinance. Atvos said late Wednesday that a majority of creditors had approved the plan that will see the debt-laden ethanol and sugar company transfer 46% of around BRL11 billion ($1.98 billion) in debt to a new holding company. Atvos w

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