tradingkey.logo
tradingkey.logo
Search

Brazil's Ambipar secures court protection amidst Deutsche Bank debt dispute

ReutersSep 25, 2025 1:37 PM
facebooktwitterlinkedin
View all comments0

- Brazilian waste management company Ambipar AMBP3.SA has secured a preliminary injunction from a Rio de Janeiro state court temporarily preventing the accelerated maturity of its debt, according to a decision seen by Reuters on Thursday.

The ruling comes amid a dispute with Deutsche Bank DBKGn.DE, which had demanded additional guarantees for loans to the company.

According to the decision, Deutsche Bank's request for additional guarantees for Ambipar's green bonds created an "imminent and concrete" risk for the company.

Ambipar said in its petition to the court that some financial institutions had already begun notifying the group of accelerated debt obligations.

The company argued that it would face a "financial hole of more than 10 billion reais ($1.88 billion)" without the injunction.

The injunction would "enable the continuity of the group's business activities and allow the protection of its assets, while seeking a viable alternative with creditors for the adequate resolution of its financial commitments," the firm said in the document.

Deutsche Bank did not immediately respond to a request for comment.

($1 = 5.3266 reais)

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

0/500
Commenting Guidelines
Loading...

Recommended Articles

Tradingkey
KeyAI