Lavoro, a Brazilian input distribution holding company with shares listed on Nasdaq, announced on June 18th an out-of-court agreement to restructure debts with suppliers of agricultural inputs, guaranteeing supply while extending the maturity date for up to 5 years.
The out-of-court agreement aims to renegotiate approximately US$ 460 million in debts already due with suppliers.
The main suppliers participating in the agreement include BASF, FMC, UPL. The US$ 180 million financial debt continues to be renegotiated separately.