<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/10/20251023_2345_Ambipar-Financial-Crisis_simple_compose_01k894ebsrfmgsweq46hsm8zfb.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/10/20251023_2345_Ambipar-Financial-Crisis_simple_compose_01k894ebsrfmgsweq46hsm8zfb.png"/></p>
<p>Ambipar Emergency Response（紐約證券交易所代碼：AMBI）的股價在週四恢復交易後下跌了 31%，至 77 美分，此前因公司在本週早些時候申請破產而暫停交易兩天。</p>
<p>在盤中交易中，該股在 48 美分（其 52 周低點）和 95 美分之間波動。</p>
<p>巴西廢物管理公司 Ambipar Participações e Empreendimentos SA 的美國上市子公司於週一在德克薩斯州申請了第 11 章破產保護。</p>
<p>與此同時，其母公司在巴西法院申請了破產保護，理由是與一位前高管相關的財務交易存在不規範情況。</p>
<p>儘管申請了破產保護，Ambipar 表示在重組過程中其正常運營將繼續進行。</p>
<p>然而，紐約證券交易所宣佈計劃開始退市程序，儘管公司有權對該決定提出上訴。</p>
<p>Ambipar Emergency Response 專注於危機管理和應急響應服務，包括環境、化學和生物事件。</p>
<h2>不規範的財務活動和日益增加的債務壓力</h2>
<p>在首席財務官 João de Arruda 上個月辭職後，Ambipar 的財務危機加劇。</p>
<p>公司披露，在發現 Arruda 任職期間財務部門管理的掉期操作存在不規範情況後，申請破產保護變得必要。</p>
<p>根據文件，掉期合同從美國銀行轉移到德意志銀行，並進行了後續修訂，引入了投機性元素，這在內部審查中引發了警報。</p>
<p>德意志銀行隨後要求額外的貸款擔保，促使其他債權人尋求提前還款。</p>
<p>Ambipar 在其巴西破產申請中聲明總債務為 104.8 億雷亞爾（19.4 億美元）。</p>
<p>該公司還有大約 10.5 億美元的綠色債券未償還，分別在 2031 年和 2033 年到期。</p>
<p>紐約銀行作為受託人，列出了與這些債券相關的約 3.28 億美元的無擔保索賠。</p>
<p>一個臨時綠色債券持有人小組已聘請 Davis Polk &amp; Wardwell LLP 作為法律顧問，Houlihan Lokey 作為財務顧問。</p>
<p>與此同時，Ambipar 已聘請 FTI Consulting 進行法務會計審查。</p>
<h2>治理問題和更廣泛的市場影響</h2>
<p>Ambipar 的崩潰加劇了近期市場上企業債務問題的系列，繼 First Brands 和次級貸款機構 Tricolor 破產之後。</p>
<p>分析師表示，儘管這些案例看似個別，但投資者情緒依然脆弱。</p>
<p>摩根大通首席執行官 Jamie Dimon 警告稱，信用市場可能會出現更多 “蟑螂”，暗指潛在的隱藏財務風險。</p>
<p>包括 Ambipar 在內的巴西公司由於國內利率高企而面臨額外壓力，中央銀行在財政擔憂加劇的情況下維持基準利率在 15%。</p>
<p>Ambipar 的股價年初至今已暴跌近 96%，並因治理問題於本月早些時候被剔除出所有 B3 股票指數。</p>
<p>瑞銀的分析師表示，該公司通過 70 多項收購的快速擴張暴露了其資產負債表和內部控制的弱點。</p>
<p>截至 2023 年，Ambipar 的收入中 57% 來自巴西，25% 來自北美，15% 來自拉丁美洲，3% 來自歐洲。</p>
<p>該公司在管理日益複雜的業務方面的掙扎，使其面臨恢復穩定和投資者信心的漫長道路。</p>
<p>關於 Ambipar Emergency Response 股價因破產申請暴跌 31% 的文章最早出現在 Invezz 上。</p>

AMBI

AMBIQ

<p>由於 Ambipar Emergency Response（紐約證券交易所代碼：AMBI）申請第 11 章破產，股票在經過兩天的交易暫停後下跌了 31%，至 77 美分。在盤中交易中，股價觸及 52 周低點 48 美分。Ambipar 的財務問題源於掉期操作的不規範和不斷上升的債務，總計達到 104.8 億雷亞爾（19.4 億美元）。該公司面臨從紐約證券交易所退市的風險，而治理問題和高企的國內利率進一步加劇了其挑戰。截至目前，股價已暴跌近 96%</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/10/20251023_2345_Ambipar-Financial-Crisis_simple_compose_01k894ebsrfmgsweq46hsm8zfb.png" alt="" original-src="https://invezz.com/wp-content/uploads/2025/10/20251023_2345_Ambipar-Financial-Crisis_simple_compose_01k894ebsrfmgsweq46hsm8zfb.png"/></p>
<p>Shares of Ambipar Emergency Response (NYSE American: AMBI) dropped 31% to 77 cents on Thursday after trading resumed, following a two-day halt triggered by the company’s bankruptcy filing earlier in the week.</p>
<div class="lb-trans"><p>Ambipar Emergency Response（紐約證券交易所代碼：AMBI）的股價在週四恢復交易後下跌了 31%，至 77 美分，此前因公司在本週早些時候申請破產而暫停交易兩天。</p>
</div><p>The stock fluctuated between a low of 48 cents — its 52-week low — and a high of 95 cents during intraday trading.</p>
<div class="lb-trans"><p>在盤中交易中，該股在 48 美分（其 52 周低點）和 95 美分之間波動。</p>
</div><p>The US-listed subsidiary of Brazilian waste management company Ambipar Participações e Empreendimentos SA filed for Chapter 11 bankruptcy protection in Texas on Monday.</p>
<div class="lb-trans"><p>巴西廢物管理公司 Ambipar Participações e Empreendimentos SA 的美國上市子公司於週一在德克薩斯州申請了第 11 章破產保護。</p>
</div><p>Meanwhile, its parent company filed for insolvency protection in Brazil’s courts, citing irregularities in financial transactions linked to a former senior executive.</p>
<div class="lb-trans"><p>與此同時，其母公司在巴西法院申請了破產保護，理由是與一位前高管相關的財務交易存在不規範情況。</p>
</div><p>Despite the filings, Ambipar said that its normal operations will continue during the restructuring process.</p>
<div class="lb-trans"><p>儘管申請了破產保護，Ambipar 表示在重組過程中其正常運營將繼續進行。</p>
</div><p>However, the NYSE American exchange announced plans to begin delisting proceedings, though the company retains the right to appeal the decision.</p>
<div class="lb-trans"><p>然而，紐約證券交易所宣佈計劃開始退市程序，儘管公司有權對該決定提出上訴。</p>
</div><p>Ambipar Emergency Response specializes in crisis management and emergency response services, including environmental, chemical, and biological incidents.</p>
<div class="lb-trans"><p>Ambipar Emergency Response 專注於危機管理和應急響應服務，包括環境、化學和生物事件。</p>
</div><h2>Irregular financial activity and rising debt pressures</h2>
<div class="lb-trans"><h2>不規範的財務活動和日益增加的債務壓力</h2>
</div><p>Ambipar’s financial turmoil deepened following the resignation of Chief Financial Officer João de Arruda last month.</p>
<div class="lb-trans"><p>在首席財務官 João de Arruda 上個月辭職後，Ambipar 的財務危機加劇。</p>
</div><p>The company disclosed that its bankruptcy protection became necessary after uncovering irregularities in swap operations managed by the finance department under Arruda’s tenure.</p>
<div class="lb-trans"><p>公司披露，在發現 Arruda 任職期間財務部門管理的掉期操作存在不規範情況後，申請破產保護變得必要。</p>
</div><p>According to filings, swap contracts were transferred from Bank of America to Deutsche Bank, with later amendments that introduced speculative elements, a move that raised red flags during internal reviews.</p>
<div class="lb-trans"><p>根據文件，掉期合同從美國銀行轉移到德意志銀行，並進行了後續修訂，引入了投機性元素，這在內部審查中引發了警報。</p>
</div><p>Deutsche Bank subsequently requested additional loan guarantees, prompting other creditors to seek early repayment.</p>
<div class="lb-trans"><p>德意志銀行隨後要求額外的貸款擔保，促使其他債權人尋求提前還款。</p>
</div><p>Ambipar declared total debt of 10.48 billion reais ($1.94 billion) in its Brazilian bankruptcy filing.</p>
<div class="lb-trans"><p>Ambipar 在其巴西破產申請中聲明總債務為 104.8 億雷亞爾（19.4 億美元）。</p>
</div><p>The company also has roughly $1.05 billion in outstanding green bonds maturing in 2031 and 2033.</p>
<div class="lb-trans"><p>該公司還有大約 10.5 億美元的綠色債券未償還，分別在 2031 年和 2033 年到期。</p>
</div><p>The Bank of New York, acting as trustee, has listed unsecured claims of about $328 million related to those bonds.</p>
<div class="lb-trans"><p>紐約銀行作為受託人，列出了與這些債券相關的約 3.28 億美元的無擔保索賠。</p>
</div><p>An ad hoc group of green bondholders has retained Davis Polk &amp; Wardwell LLP as legal counsel and Houlihan Lokey as financial advisor.</p>
<div class="lb-trans"><p>一個臨時綠色債券持有人小組已聘請 Davis Polk &amp; Wardwell LLP 作為法律顧問，Houlihan Lokey 作為財務顧問。</p>
</div><p>Meanwhile, Ambipar has hired FTI Consulting to conduct a forensic accounting review.</p>
<div class="lb-trans"><p>與此同時，Ambipar 已聘請 FTI Consulting 進行法務會計審查。</p>
</div><h2>Governance issues and broader market impact</h2>
<div class="lb-trans"><h2>治理問題和更廣泛的市場影響</h2>
</div><p>The collapse of Ambipar adds to a series of corporate debt troubles rattling markets in recent weeks, following bankruptcies at First Brands and Tricolor, a subprime lender.</p>
<div class="lb-trans"><p>Ambipar 的崩潰加劇了近期市場上企業債務問題的系列，繼 First Brands 和次級貸款機構 Tricolor 破產之後。</p>
</div><p>Analysts say that while these cases appear idiosyncratic, investor sentiment remains fragile.</p>
<div class="lb-trans"><p>分析師表示，儘管這些案例看似個別，但投資者情緒依然脆弱。</p>
</div><p>JPMorgan CEO Jamie Dimon warned that more “cockroaches” could emerge in the credit markets, referencing potential hidden financial risks.</p>
<div class="lb-trans"><p>摩根大通首席執行官 Jamie Dimon 警告稱，信用市場可能會出現更多 “蟑螂”，暗指潛在的隱藏財務風險。</p>
</div><p>Brazilian companies, including Ambipar, are under additional strain due to high domestic interest rates, with the central bank maintaining its benchmark rate at 15% amid rising fiscal concerns.</p>
<div class="lb-trans"><p>包括 Ambipar 在內的巴西公司由於國內利率高企而面臨額外壓力，中央銀行在財政擔憂加劇的情況下維持基準利率在 15%。</p>
</div><p>Ambipar’s shares have plunged nearly 96% year-to-date and were removed from all B3 stock indexes earlier this month due to governance concerns.</p>
<div class="lb-trans"><p>Ambipar 的股價年初至今已暴跌近 96%，並因治理問題於本月早些時候被剔除出所有 B3 股票指數。</p>
</div><p>Analysts at UBS said the company’s rapid expansion through over 70 acquisitions has exposed weaknesses in its balance sheet and internal controls.</p>
<div class="lb-trans"><p>瑞銀的分析師表示，該公司通過 70 多項收購的快速擴張暴露了其資產負債表和內部控制的弱點。</p>
</div><p>As of 2023, Ambipar derived 57% of revenue from Brazil, 25% from North America, 15% from Latin America, and 3% from Europe.</p>
<div class="lb-trans"><p>截至 2023 年，Ambipar 的收入中 57% 來自巴西，25% 來自北美，15% 來自拉丁美洲，3% 來自歐洲。</p>
</div><p>The company’s struggle to manage its growing complexity now leaves it facing a long path to regain stability and investor confidence.</p>
<div class="lb-trans"><p>該公司在管理日益複雜的業務方面的掙扎，使其面臨恢復穩定和投資者信心的漫長道路。</p>
</div><p>The post Ambipar Emergency Response shares plunge 31% after bankruptcy filing appeared first on Invezz</p>
<div class="lb-trans"><p>關於 Ambipar Emergency Response 股價因破產申請暴跌 31% 的文章最早出現在 Invezz 上。</p>
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Ambipar Emergency Response 的股價在提交破產申請後暴跌 31%