Ambipar Close to Hiring Seneca Evercore for Debt Restructuring

Waste-management company Ambipar Participações e Empreendimentos SA is close to hiring Brazil advisory boutique Seneca Evercore to work on a debt restructuring, according to people familiar with the matter.

Talks are ongoing, the people said, asking not to be named discussing a private matter. A group of holders of Ambipar’s bonds is also preparing for talks, one person said last week.

Representatives for Seneca Evercore and Ambipar declined to comment.

Ambipar was granted emergency protection against its creditors last Thursday after telling a Rio de Janeiro court it was at risk of financial collapse. Some lenders demanded early ...