Vicentin: Molinos Agro and LDC improved the proposal to offer 100% payment to those with claims of up to 130,000 dollars

The improvement, which is automatically applied to those who have already adhered to the proposal by Molinos Agro and LDC, includes the payment of 100% of the debt within 30 days of judicial approval for debts up to 130,000 dollars. Meanwhile, for debts exceeding 400,000 dollars, the offer includes a cash advance of 25,000 dollars payable within 30 days of judicial approval and the remaining balance in ten annual installments. Additionally, for this option, the percentage to be paid of the first nine installments has been increased to accelerate the recovery of the debt. The proposal also incorporates a complementary payment for categories B and C, subject to certain fiscal breaches being used by Vicentin, and the benefit will be shared with the creditors, in accordance with the terms of the proposal and subject to a favorable binding ruling by ARCA, as both companies stated in a statement. “We are very excited about the huge number of adhesions we have been receiving in such a ...