The new new contracts, who’s behind them, and what they mean — delivered to your inbox every week. No credit card, unsubscribe anytime.
Weekly Digest
New new contracts, summarized for you
Straight to Inbox
No login, no app to check — it comes to you
Contract Trends
See who's moving and how much in your market
No credit card required Weekly contract digest
Verde AgriTech Secures Debt Renegotiation Agreement Covering 92% of Total Debts
Nov 11, 2024•over 1 year ago
Contract Type
agreement
Belo HorizonteManufacturingFarming
Description
Verde AgriTech Ltd has successfully reached an agreement with creditors representing over 92% of the company’s total debt, resulting in renegotiated payment conditions and significantly reduced outstanding balance. Non-adherent creditors will face a 75% reduction in their outstanding balance, and the remaining debt will accrue interest based on the TR , currently estimated at 0.82% per year, marking a substantial decrease from the previous rate of 16.59% per year.
Company Information
Company
Verde AgriTech
Location
Belo Horizonte, Minas Gerais, Brazil
About
Verde Agritech is dedicated to advancing sustainable agriculture through the innovation of specialty multi-nutrient potassium fertilizers. Our mission is to increase agricultural productivity, enhance soil health, and significantly contribute to environmental sustainability. Utilizing our unique position in Brazil, we harness proprietary technologies to develop solutions that not only meet the immediate needs of farmers but also address global challenges such as food security and climate change. Our commitment to carbon capture and the production of eco-friendly fertilizers underscores our vision for a future where agriculture contributes positively to the health of our planet.
Belo HorizonteManufacturingFarming