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Verde AgriTech Secures Renegotiation Agreement for 92% of Total Debts With Better Financial Terms
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Verde AgriTech Secures Renegotiation Agreement for 92% of Total Debts With Better Financial Terms
Nov 11, 2024 6:20 AM

08:46 AM EST, 11/11/2024 (MT Newswires) -- Verde AgriTech ( VNPKF ) on Monday said that creditors representing over 92% of the company's total debt have agreed to proposed renegotiation terms.

Non-adherent creditors, who represent R$11.3 million of the debt, will be subjected to different payment conditions -- R$8.5 million will be written off from the debt and the interest rate slashed to 0.82%, from 16.59%.

Debt repayments will be made over 108 months, after an 18-month grace period following court sign-off on the renegotiated agreement.

Verde Agritech ( VNPKF ) operates in Brazil.

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