Header ad
The Independent Voice of the Commodity Industry
TERRA FORTE FILES FOR BANKRUPTCY PROTECTION

TERRA FORTE FILES FOR BANKRUPTCY PROTECTION



Terra Forte, one of the largest Brazilian coffee exporters, has filed for bankruptcy protection, Reuters reports.

The company filed in a court in Campinas, in Sao Paulo state in late April 2019.

The law firm, Freire, Assis, Sakamoto e Violante said Terra Forte was looking to restructure a US$288 million debt.

It also said the exporter was seeking to raise working capital from investors in order to maintain operations.

Terra Forte exports around 2.5 million bags a year.

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *