Aeris seeks out-of-court settlement with creditors to reduce leverage

Aeris, a national company that produces blades for wind turbines, filed a request for extrajudicial recovery with the number three court among those dealing with bankruptcies and business upheavals in the District of São Paulo. The information was disclosed in a relevant fact sent to the CVM, according to Estadão, which frames the case among the challenges of clean energy.

According to the newspaper, the plan has already been signed with the company's main creditors and aims to readjust the capital structure and reduce leverage. The Estadão headline talks about billionaire liabilities.

Extrajudicial recovery is a mechanism in which the company negotiates directly with its creditors and submits the agreement to the Judiciary. It is used when there is consensus with the main stakeholders, which, according to the report, is the case with Aeris.

The proposal, according to the same newspaper, includes continuing to produce blades, maintaining jobs, tax collections and commercial links. According to the company, customer supply will remain intact and day-to-day operations will not be interrupted. The financial terms of the agreement and the execution deadline do not appear in the information released so far.

What changes for the investor

For those who follow energy and infrastructure on the stock exchange, the case shows how the supply chain for wind projects can be affected by high debts. An agreement that reduces leverage can reduce the risk of this chain breaking, but the effect on any shares or bonds linked to the company depends on details that are not yet public, such as the final design of the restructuring. Investors must follow the next relevant facts sent to the CVM.

Automatically translated from Portuguese.