Rio de Janeiro’s judicial court terminates Light S.A.’s judicial recovery process after the energy distributor fully met obligations under the 2023 restructuring plan. The company settled over 27,000 creditors as part of the agreement.
Light, a Brazilian energy company, could conclude its bankruptcy proceedings as early as October, according to CEO statements. The company has been restructuring operations amid financial challenges. Light serves millions of customers across Brazil’s energy market.
Light secures **R$1.2 billion** in new funding to accelerate its restructuring efforts and exit bankruptcy protection. The capital injection supports operational stability amid financial challenges. The company’s move follows ongoing negotiations with creditors to restructure debt obligations.
Light, Brazil’s largest electricity distributor, secures **R$1.24 billion ($242 million)** through a share sale, marking one of its final steps in emerging from bankruptcy proceedings. The capital raise follows a **$2 billion collapse** in asset value during restructuring. The company now moves toward judicial recovery and a planned exit from insolvency proceedings by **2026** in Rio de Janeiro.
