The new version of the judicial recovery plan “reflects the agreement in principle with a substantial group of financial creditors,” Intercement Brasil said in filing on Oct. 5.
- “The plan also preserves the payment conditions offered to the Company’s suppliers, aiming at the continuity and strengthening of its commercial relationships,” company said
- Intercement said the plan must be approved by the general meeting of creditors, to be held this Monday, and then ratified by the Judicial Recovery Court
- Intercement Brasil is advised by White & Case LLP, Houlihan Lokey and E.Munhoz Advogados
- NOTE on Sept. 9:
Intercement Brasil Extends Stay ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.