Business · Companies · 1 day ago
Carbon Group seeks to renegotiate R$371.5 million in debt
Carbon Group is trying to renegotiate R$371.5 million in debt with its creditors.
It says it borrowed to expand, but the investments took longer than expected to pay off.
Nearly half of the debt claims have already joined its plan, and the company has asked to stay in its properties while the process continues.
The outcome could affect hundreds of creditors and the group’s ability to keep operating.
Grupo Carbon filed for out-of-court restructuring in a São Paulo court to renegotiate R$371.5 million in debt.
The filing was made on October 5 by C Blindados and its subsidiaries Opera Glass and Vertco Blindagem, and covers unsecured creditors.
The company said its financial strain came from borrowing to expand before the investments generated returns as quickly as expected.
Creditors holding 47.6% of the claims had agreed to the restructuring plan when it was filed; the law allows the process to begin with support from one-third of claims, with more than half required within 90 days.
Carbon said it brought the filing forward because of three eviction lawsuits over properties in Barueri, Jarinu and Rio de Janeiro, with combined rent of R$459,000 a month.
The company says its underlying operation remains viable: net revenue rose 45% in 2025 to R$673 million, while EBITDA increased from R$15 million to R$41 million.
- Who
- Grupo Carbon, including C Blindados, Opera Glass and Vertco Blindagem
- What
- Filed for out-of-court restructuring to renegotiate R$371.5 million in debt
- When
- The filing was made on October 5; the article was published October 10, 2026
- Where
- São Paulo court; the company has properties involved in eviction cases in Barueri and Jarinu, São Paulo state, and Rio de Janeiro
- Why
- Carbon says debt incurred to expand its business outpaced returns on its investments, and it filed earlier than planned because of three eviction lawsuits
This story does not have two clearly opposing sides.
da forma como está, a operação é viável e que o problema está no endividamento.
Carbon says it began vertically integrating operations after suppliers struggled to keep pace with rising demand.
The Jarinu plant was expected to begin operating, but it did not start production until April 2026.
The Jarinu plant began operating, about 11 months later than planned.
C Blindados and its subsidiaries filed for out-of-court restructuring.
Folha published its report on the filing.
- Debt targeted for renegotiation
- R$371.5 million
- Creditors who had agreed to the plan at filing
- 47.6% of claims
- Largest creditor
- Amadeus fund, with R$95.3 million
- Debt due in the next 12 months
- R$139 million, compared with stated cash generation of R$52 million
- 2025 net revenue
- R$673 million, up 45%
- Employees and direct service providers
- About 1,300











