RESTRUCTURING

摘要

Odebrecht agroindustrial, the sugar and ethanol unit of engineering conglomerate Grupo Odebrecht, has concluded the restructuring of R$11bn (US$3.3bn) in bank loans, with a cash infusion from the parent company. In a statement on Tuesday, Odebrecht said the conglomerate would transfer R$4bn (US$1.2bn) in cash and R$2bn in assets into the unit. Part of the cash infusion will be used to immediately repay the banks. Alexandre Perazzo, chief financial officer at Odebrecht Agroindustrial, said in the statement that debt maturities had been extended to 13 years and that the new debt structure was better aligned with the company's cashflow.