AMERICAS DISTRESS DAILY: Brazil’s Ambipar Files For Bankruptcy

Brazilian waste-management company Ambipar Participações e Empreendimentos SA is seeking bankruptcy protection, marking the latest corporate collapse to hit credit markets in recent weeks.

• Subsidiary Ambipar Emergency Response filed for Chapter 11 in Texas on Monday, while the parent company began proceedings in Rio de Janeiro, according to US court documents.

In Other News:

• First Brands Group lined up Banco Santander SA to work with Jefferies Financial Group Inc. on the deal when it tried to refinance about $6 billion of debt over the summer, according to people with knowledge of the matter
• A string of losses at regional banks ...