Brazilian airline GOL Linhas Aéreas Inteligentes S.A. on Friday said that it had secured binding commitments totaling $1.9 billion in exit debt financing as part of its ongoing chapter 11 restructuring process in the U.S. Bankruptcy Court for the Southern District of New York, RTTNews.com reported. Over the past six months, GOL pursued a broad market outreach to finalize the financing. Following court approval of its backstop agreement with Castlelake, L.P.
Nearly five months after emerging from court-supervised reorganization, Minas Gerais-based dairy producer Laticínios São Vicente is laying out ambitious growth plans, Valor International reported. During the court-supervised reorganization process — which began in 2020 and was extended due to the pandemic — the company underwent an aggressive restructuring, including a 40% workforce reduction and a portfolio overhaul. When São Vicente filed for bankruptcy protection from creditors over debts totaling R$23 million, its annual revenue was R$70 million.