Overview

• The court order suspends clauses that would trigger accelerated maturities and the enforcement of obligations across Ambipar’s debt contracts.
• Ambipar said the filing followed negative financial effects from a recent derivatives operation tied to its Green Bonds.
• The company stated that operations continue normally as it negotiates with creditors for a viable solution to its financial commitments.
• Earlier this week the board approved up to R$ 3 billion in debentures to redeem the 3rd and 6th issuances and simplify the capital structure.
• Shares sank roughly 10% after a 13.8% drop the previous session, S&P placed the BB- rating on negative watch last week, and a CVM probe into the buyback program remains an overhang.