Investors turn to creative solutions to recover money invested in securities of companies in judicial or extrajudicial recovery

Seu Dinheiro shows how fund managers and creditors are looking for ways to recover money invested in debentures, CRIs and CRAs of companies in judicial or extrajudicial recovery, through debt-to-equity conversions, funds that pool creditors and changes to quorum rules. Ricardo Jacomassi, partner and chief economist at TCP Partners, notes that the collateral financial institutions require has risen from 100%–120% of liabilities to close to 300%, especially in agribusiness. “Creditors demand much more when renegotiating debt or raising new funds,” he says.

Source: Seu Dinheiro, August 11, 2026.