On May 9, 2025, the trustee of its fifth debentures issuance notified Investimentos e Participacoes em Infraestrutura S.A. (Invepar) that it had accelerated debt that totals Brazilian real (R$) 517.3 million, after the company didn?t use proceeds from an asset sale and receipt of shareholder loans to partially amortize the debentures, as previously agreed. Additionally, on May 13, 2025, the trustee of its third debentures also notified the company about the acceleration of the issuance totaling R$159.3 million. Invepar now has a five-business-day grace period to comply with its financial obligations, and unless it receives a capital injection it is highly vulnerable to nonpayment considering its weak cash position at the holding level of about R$100 million as of Dec.
