Chilli Beans Renegotiates R$ 340 Million Debt in Out-of-Court Restructuring
Learn how Chilli Beans plans to settle its R$ 340 million debt with banks after requesting out-of-court restructuring due to high interest rates and the retail crisis.
TL;DR
- Chilli Beans filed for out-of-court restructuring in late October 2026 to reorganize R$ 340 million in debt with financial institutions.
- The debt's cost increased significantly due to high Selic rates, which made previously low-interest pandemic loans prohibitively expensive.
- The out-of-court process involves direct negotiation with creditors, structured with institutions like Itaú and Vega.
- The restructuring applies only to debts with banks and financial institutions, totaling R$ 340 million, excluding other business obligations.
- New Vice President André Dela Togna has been appointed to lead financial and operational restructuring, allowing founder Caito Maia to focus on franchisees and product development.
- Despite the debt restructuring, Chilli Beans plans to maintain growth, projecting a 10% expansion in 2026 and launching new products.
- The company's franchise model, with over 1,100 units in 14 countries, remains central to its strategy.
- A strong brand reputation is considered a key factor in successful recovery, maintaining consumer loyalty during financial crises.