Brief: Estre Ambiental Provides An Update On Ongoing Debt Restructuring Negotiations

Estre Ambiental

01/11/2019 20:53

Nov 1 (Reuters) - Estre Ambiental Inc  ESTR.O :
    * ESTRE AMBIENTAL PROVIDES AN UPDATE ON ITS ONGOING DEBT
RESTRUCTURING NEGOTIATIONS, ITS LIQUIDITY POSITION AND THE SALE
OF CERTAIN ASSETS
    * ESTRE AMBIENTAL - CURRENT LIQUIDITY POSITION DOES NOT
ENABLE CO
TO MAKE PAYMENTS OF INTEREST OR PRINCIPAL ON DEBENTURES FOR
FORESEEABLE FUTURE
    * ESTRE AMBIENTAL INC - NEGOTIATIONS WITH THE DEBENTURE
HOLDERS
REMAIN ONGOING
    * ESTRE AMBIENTAL -  CONTINUES TO FACE SEVERE LIQUIDITY
CONSTRAINTS
    * ESTRE AMBIENTAL - OUTSIDE RESTRUCTURING ADVISOR HAS BEEN
ENGAGED
TO SEEK STRATEGIC ALTERNATIVES, INCLUDING POTENTIAL NEW
INVESTMENTS IN CO
    * ESTRE AMBIENTAL INC - DOES NOT CURRENTLY EXPECT THAT THE
RELEVANT CREDITORS WILL ACCELERATE THE DEBT OBLIGATIONS IN THE
NEAR FUTURE
    * ESTRE AMBIENTAL INC - HOLDERS OF THE DEBENTURES HAVE NOT
PROVIDED ANY FORMAL WAIVERS WITH RESPECT TO THE BREACH OF THE
RELEVANT COVENANTS
    * ESTRE AMBIENTAL INC - SEEKING TO SELL ADDITIONAL ASSETS IN
THE
SHORT-TERM IN ORDER TO GENERATE ADDITIONAL LIQUIDITY

Source: (https://bit.ly/33ejG8Y)
Further company coverage:  ESTR.O 

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