Lavoro Ltd. Gains Majority Creditor Support for Out-of-Court Restructuring Plan
Lavoro Limited has announced that its subsidiary, Lavoro Agro Holding S.A. (Lavoro Brazil), has secured the statutory majority support from supplier creditors necessary for the approval of its out-of-court restructuring plan. The plan, which was filed with the São Paulo reorganization court, covers approximately R$2.5 billion in trade payables to suppliers and aims to reschedule these obligations over a two- to five-year period. It also establishes a standardized supply and financing framework to enhance financial flexibility and mitigate future supply chain disruptions. The plan exclusively involves Lavoro Brazil and its agricultural input suppliers, with no impact on financial lenders, employees, contractors, or other third parties. Court approval is pending, with support from major suppliers like Adama Brasil, UPL Brasil, and BASF already secured.
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