Grupo Aralco’s Second Restructuring Plan

Thomaz Bastos, Waisberg, Kurzweil, Felsberg and BMA – Barbosa, Müssnich, Aragão advised on the transaction

Grupo Aralco secured approval from creditors for a second restructuring plan. The new plan, includes a $42 Million Debtor-in-possession financing provided by Sucres et Denrées S.A.

Aralco S.A. – Indústria e Comércio is engaged in the production of VHP sugar, anhydrous ethanol, and hydrous ethanol. The company was founded in 1978 and is based in Santo Antônio do Aracanguá, Brazil.

Sucres et Denrées S.A. refines, trades, processes, and distributes white sugar. The company, led by Thierry Bourvis, Therry Songeur and Sami Erza Demal, is based in Paris.

Thomaz Bastos, Waisberg, Kurzweil advised Aralco with Bruno Kurzweil de Oliveira, Stefan Lourenço de Lima, João Pacca, Thais Francesconi and Beatriz Delácio Gnipper.

Felsberg Advogados advised the bondholders with Thomas Benes Felsberg, Fabiana Solano, Clara Azzoni, Bruna Meller Scardoa and Gabriel Jurca da Silva.

BMA – Barbosa, Müssnich, Aragão advised Sucres et Denrées S.A. with Eduardo G. Wanderley, Natália Yazbek, Igor de Lima, Conrado Stievani and Thais Tenani.

Involved fees earner: Bruno Kurzweil de Oliveira – Thomaz Bastos, Waisberg, Kurzweil; Stefan Lourenço de Lima – Thomaz Bastos, Waisberg, Kurzweil; João Ricardo Pacca – Thomaz Bastos, Waisberg, Kurzweil; Thaís Regina Henrique Francesconi – Thomaz Bastos, Waisberg, Kurzweil; Thomas Benes Felsberg – Felsberg Advogados; Fabiana Solano – Felsberg Advogados; Clara Moreira Azzoni – Felsberg Advogados; Bruna Meller – Felsberg Advogados; Gabriel Jurca – Felsberg Advogados; Eduardo Guimarães Wanderley – Barbosa, Müssnich & Aragào; Natalia Yazbek Orsovay – Barbosa, Müssnich & Aragào; Igor Silva De Lima – Barbosa, Müssnich & Aragào; Conrado De Castro Stievani – Barbosa, Müssnich & Aragào;

Law Firms: Thomaz Bastos, Waisberg, Kurzweil; Felsberg Advogados; Barbosa, Müssnich & Aragào;

Clients: Aralco S.A.; Sucres et Denrées S.A.; Aralco S.A. – Bondholders;

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Author: Ambrogio Visconti.