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Independencia

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The issuer's bonds defaulted in 2016
Organization name
Independencia S.A.
Country name
Brazil
Country of registration
Brazil
Industry
Food and Beverage Production
Public debt
255 mln USD

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Profile

Independencia is a Brazilian producer of beef, dried beef and leather with 14 plants (five of which are operational) located in seven Brazilian states with slaughter production capacity of 9,500 hpd and leather processing capacity of 7,000 hides per day, down from 11,800 hpd and 12,600 hides per day, respectively, in 2008 before the bankruptcy protection filing in February 2009. The Russo family owns 78.2% of the company while the Brazilian development bank, BNDES, holds the remaining 21.8%.

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