Ambipar’s US$2 Billion Debt Vote Fails on Quorum, Reset for September 1
The creditors' meeting on Ambipar's judicial recovery plan was not installed for lack of quorum despite 95% of the unsecured class attending; a second-call vote is set for 1 September at 2 p.m. The post Ambipar’s US$2 Billion Debt Vote Fails on Quorum, Reset for September 1 appeared first on The Rio Times .
Ambipar's creditors' meeting failed on 25 August 2026 because Brazilian law mandates that at least half of each creditor class must attend a first-call assembly. While foreign bondholders representing 95% of the unsecured class were present, labor, secured and supplier creditors failed to reach the required quorum. A second call for voting on the R$10.5 billion recovery plan is scheduled for 1 September 2026.
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