By Brazil Stock Guide – InterCement Brasil S.A. (under court-supervised reorganization) announced that its judicial recovery plan was approved by more than 99% of creditors in each class at a general meeting held on October 6, 2025, in São Paulo. The approval marks the completion of a central stage in the restructuring process launched in 2024 and ensures the company’s operational continuity. The plan preserves payment conditions offered to suppliers, maintaining the production and logistics chain across its cement operations.
Financial and Capital Restructuring
The approved plan reflects a financial and capital reorganization negotiated with a substantial group of creditors. The process was advised by White & Case LLP, Houlihan Lokey, and E.Munhoz Advogados. It defines the instruments and timelines for implementing the restructuring and remains subject to court ratification. The full document is available through the Brazilian Securities Commission (CVM), the company’s investor-relations website, and the São Paulo State Court of Justice (case no. 1192002-34.2024.8.26.0100).
What’s at Stake
The near-unanimous approval across all creditor classes closes a critical phase of the restructuring and gives predictability to its execution. It reinforces operational stability, reduces litigation risk, and preserves relationships with suppliers and commercial partners. The company stated that the plan reflects its commitment to maintaining operations and strengthening business continuity.
Next Steps
Following judicial confirmation, InterCement will move forward with implementing the economic and financial terms of the plan. The company said it will continue to keep the market and stakeholders informed in accordance with applicable regulations.
Read more: InterCement’s $1.8 Billion Plan Hands Power to Banks and Global Funds
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