(Adds details related to agreement, advisor quotes)
By Guillermo Parra-Bernal
BOGOTA, July 22 (Reuters) – TPI Triunfo Participações &
Investimentos SA and a pool of about 20 banks have agreed on
terms to restructure 2.113 billion real ($672.6 million) of
debt, giving the Brazilian infrastructure firm a lifeline to
finalize projects and downsize gradually.
The process will take place as an out-of-court workout, in
which companies seek a limit on the influence of some creditors
in the upcoming rounds of their restructuring, said Andre
Bucione, managing director at Alvarez & Marsal Holdings LLC,
which advised Triunfo on the process.
“Lenders were always satisfied with the company’s
willingness to discuss how to honor its de…
Read the full article at: http://markets.businessinsider.com/news/stocks/r-update-1-brazils-triunfo-clinches-673-mln-restructuring-with-banks-2017-7-1002196582