Latest news with #GiovannaBellottiAzevedo
Bloomberg
03-06-2025
- Business
- Bloomberg
Brazilian Airline Azul Criticized Bankruptcy But Failed to Avoid It
By , Giovanna Bellotti Azevedo, and Martha Viotti Beck Save Even as the Brazilian airline Azul SA struggled with exchange rate pressures and the lingering effects of the pandemic, top executives insisted they would do whatever they could to avoid filing for bankruptcy. 'The ones who benefit from a Chapter 11 process are not the partners — it's the lawyers, the advisers,' the company's chief executive officer, John Peter Rodgerson, told a local publication in August.
Bloomberg
28-05-2025
- Business
- Bloomberg
Private Credit Bets Build at $46 Billion Money Manager Patria
By and Giovanna Bellotti Azevedo Save Patria Investments Ltd., one of Latin America's largest alternative asset managers, is accelerating its push into private credit. The money manager has raised $314 million through vehicles including its first fund dedicated to private credit bets across the region, according to Javier Montero, a partner at Patria. Half of that money has already been deployed, as it lends US dollars to Latin American companies.
Bloomberg
24-04-2025
- Business
- Bloomberg
Azul Creditors Said to be Asked for Capital to Back Equity Raise
By , Giovanna Bellotti Azevedo, and Rachel Gamarski Save An investment bank has approached Azul SA creditors to drum up fresh capital to backstop an equity raise as part of the Brazilian airline's debt restructuring plan, according to people familiar with the matter. PJT Partners has been calling the air carrier's existing bondholders to discuss options, said the people, who asked not to be named as the talks are private.
Bloomberg
24-03-2025
- Business
- Bloomberg
Brazil's Lavoro Hires Advisers for Debt Rework
By and Giovanna Bellotti Azevedo Save Brazilian fertilizer-seller Lavoro Ltd is working with consulting firm Alvarez & Marsal and law firm Pinheiro Neto as it undergoes negotiations with suppliers to extend payment terms amid reduced liquidity in the market, according to people familiar with the matter. The Sao Paulo-based firm, which is backed by Patria Investimentos, hired Alvarez last year while it tries to work out a solution out-of-court, the people said, asking not to be named discussing a private matter. Pinheiro Neto has worked with the company as counsel for several years, and is also advising on the negotiations.
