Questions and Answers - Creditors and Customers - RJ 2025
- ASCOM - Montesanto Tavares Group
- Apr 23
- 3 min read
Dear Customers and Suppliers,
Atlântica Exportação e Importação S.A., Cafebras Comércio de Cafés do Brasil S.A., Montesanto Tavares Group Participações S.A., and Companhia Mineira de Investimento em Cafés S.A. (“Companies under Restructuring”) inform that, on February 25, 2025, a judicial restructuring motion was filed by them with the 2nd Business Court of Belo Horizonte, aiming at restructuring debts and financial commitments totaling R$ 2,128,915,129.41 (two billion, one hundred twenty-eight million, nine hundred fifteen thousand, one hundred twenty-nine reais and forty-one cents).
This request is related to the economic and financial crisis experienced by the Companies under Restructuring, mainly due to a high volume of defaults and delivery delays by rural producers, further aggravated by the recent rise in coffee futures prices and the devaluation of the Brazilian real against the U.S. dollar.
Judicial restructuring is a legal instrument provided for in the Brazilian Insolvency Law and is intended to offer a solution to economic and financial crises, allowing for the maintenance and preservation of viable business activities.
With the aim of maintaining transparency and assisting customers and suppliers in understanding the procedure, the companies provide the following information:
1. Restructuring Objectives
The restructuring allows the companies to negotiate their debts and financial commitments, seeking an agreement with creditors that permits payment under conditions compatible with the continuation of operations and full settlement of debts.
2. The Judicial Administrator
The Judicial Administrator is a professional appointed by the Judge who acts as a Court assistant, supervising the restructuring process and ensuring that the goals of the reorganization are achieved in accordance with the applicable laws.
The appointed Judicial Administrator does not replace the companies’ shareholders or board of directors. The current board remains fully responsible for managing the companies.
The Judicial Administrator will be appointed shortly to oversee the process and will establish official communication channels to ensure that creditors and stakeholders have access to relevant information about the proceedings.
3. What Happens to Debts Subject to the Restructuring?
The Companies under Restructuring will submit a Restructuring Plan with a payment proposal for existing debts within approximately 60 days.
Until the plan is approved by creditors, the Companies under Restructuring are not allowed to pay any debt incurred before February 25, 2025. Once the plan is approved, payments will begin as outlined in the approved conditions (including possible discounts, terms, etc.).
4. Continuity of Business Operations and Contract Security
The Companies under Restructuring will continue their operations normally, without any interruption.
Contracts signed after February 25, 2025, are not subject to the restructuring plan, thus guaranteeing legal security to these new commitments.
5. Negotiations with Creditors
The success of the judicial restructuring relies heavily on reaching a responsible and balanced agreement for debt repayment between the Companies under Restructuring and their creditors.
The Companies are available and actively engaged in negotiations to reach such agreement, seeking to meet creditors’ interests and ensure the continuity of their business operations.
6. Registration of Credits
The Companies under Restructuring have submitted, along with their petition, a list of all debts up to February 25, 2025.
Any discrepancies should be submitted within the legal timeframe to the Judicial Administrator, who will advise creditors on the proper procedures.
The Companies under Restructuring reaffirm their commitment to employees, customers, suppliers, and collaborators, and inform that they are working diligently to establish a responsible and balanced recovery plan, confident in the indispensable support of all stakeholders to achieve a successful restructuring.
For further inquiries, please contact:
Best regards,
Atlântica Exportação e Importação S.A. Cafebras Comércio de Cafés do Brasil S.A. Montesanto Tavares Group Participações S.A. Companhia Mineira de Investimento em Cafés S.A.
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