April 10, 2019 / 7:26 PM / 11 days ago

Brazil coffee exporter Terra Forte files for bankruptcy protection

SAO PAULO, April 10 (Reuters) - Terra Forte, one of the largest Brazilian coffee exporters, has filed for bankruptcy protection in a court in Campinas, in Sao Paulo state, a law firm representing the company said on Wednesday.

Law firm Freire, Assis, Sakamoto e Violante said Terra Forte was looking to restructure 1.1 billion reais ($288.2 million) in debt. It also said the exporter was seeking to raise 60 million reais in working capital from investors to maintain operations.

$1 = 3.8167 reais Reporting by Marcelo Teixeira and Roberto Samora; Editing by Sandra Maler

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