SAO PAULO, Sept 25 (Reuters) - Brazilian waste
management company Ambipar 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
, 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)