In July 2023, Sequoia filed a formal request for judicial homologation of an out-of-court recovery plan involving R$295 million in liabilities. This legal step underscores the company’s proactive approach to managing financial restructuring and creditor negotiations.
The plan outlines debt restructuring terms, payment rescheduling, and operational adjustments aimed at restoring financial health. Judicial oversight provides assurance to creditors and investors about the process’s legitimacy and fairness.
Sequoia’s management reiterated its commitment to transparency, operational excellence, and sustainable financial performance through this recovery initiative.
For stakeholders, this filing represents a crucial phase in the company’s turnaround journey.
Source: Diário Oficial, July 17, 2023