Urbplan Desenvolvimento Urbano could be negotiating BRL 500m debt to avoid bankruptcy
Urbplan Desenvolvimento Urbano estaria renegociando dívida de BRL 500m para não entrar em recuperação judicial
Intel ID : 237520
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Urbplan Desenvolvimento Urbano, a company engaged in urban development tied to planned neighborhoods and homes, could be negotiating a BRL 500m debt with its creditors to avoid bankruptcy, as published by newspaper Estadão on 9 June 2016. According to the news, the company wants between 10 and 12 years to pay its liabilities and free cash flow, which at the moment is held by its creditors, to free its operations. The company's debt would be in the hands of investment funds JP Morgan, Fator, Cacique, XP, in the issuance of Certificates of Real Estate Receivables (CRIs), and banks, such as Banco Bradesco. Law firm E. Munhoz Advogados is the legal advisor in these negotiations.
(content in portuguese)
A Urbplan Desenvolvimento Urbano, empresa de desenvolvimento urbano construindo bairros planejados e residenciais, estaria renegociando com credores uma dívida de BRL 500m, sob a ameaça de entrar em recuperação judicial, segundo publicou o Estadão em 9 de junho de 2016. De acordo com a publicação, a empresa quer entre 10 e 12 anos para pagamento de seu passivo e ainda liberar caixa, hoje comprometido com os credores, para tocar as ooperações. A dívida da empresa estaria nas mãos de fundos de investimentos do JP Morgan, Fator, Cacique, XP, na emissão de Certificados de Recebíveis Imobiliários (CRIs), e também com banco, e entre eles, estaria o Banco Bradesco. A operação estaria sendo assessorada pelo E. Munhoz Advogados. |
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| Intel ID | 237520 | |
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Brazilian Real (BRL)
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Financial Data - Urbplan Desenvolvimento Urbano
(31 Dec 2013) |
Revenue: EUR 53,88m EBITDA: EUR 12,72m Exchange Rate: 
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25.03.01 Real Estate Development & Operating Companies 25 Financial Services / 25.03 Real Estate |
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25.03.03 Real Estate Services 25 Financial Services / 25.03 Real Estate 25.04.03 Holding Companies / Financial Holding Companies 25 Financial Services / 25.04 Other Financial Services |
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Legend:
Verified: Confirmed as a party to an active or possible transaction.
Potential: Unconfirmed as a party to an active or possible transaction.
Retained: Confirmed as “Retained” with a general or specific mandate.
Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.
Transactional data is continuously updated by the research team and therefore is subject to change.