Once the court approves the agreement, non-adherent creditors will face a 75% reduction in their outstanding balance. The remaining debt will accrue interest based on the TR , currently estimated at 0.82%/year, a substantial decrease from the previous rate of 16.59%/year. In total, R$8.5 million will be written off from the debt amount.
Non-adherent creditors under the renegotiated agreement will be subject of the following terms:
- Discount: A 75% discount on the total debt amount.
- Grace Period: An 18-month deferral on principal and interest payments, starting from the date of court approval of the renegotiated agreement.
- Interest Accrual: Interest charges as outlined in the agreement will start accruing once the grace period concludes.
- Principal Repayment Schedule: Payments will be made in monthly installments starting after the end of the grace period, based on a defined repayment structure.
- Financial Charges: Debt will be adjusted based on the TR.
Repayment Term: Debt repayments will be made over 108 months, beginning after the grace period specified above.
