Invepar, Mubadala Talks Stall as Debt Standstill Deadline Nears

Mubadala Capital says it is yet to be approached by Invepar for a new round of debt talks as the Brazilian transport operations and services company nears the end of a 30-day protection period against creditors.

• Mubadala, one of Invepar’s biggest creditors, says in statement that it “positions itself constructively together with its partners and assets”
• Invepar said it continues to work on finding solutions and better balancing the interests of its creditors, according to a statement
• NOTE: Invepar filed for a precautionary measure — effectively a debt-payment suspension — on May 16; S&P Global Ratings downgraded its credit score ...