Did You Purchase Tonon Bioenergia S.A. 9.250% Senior Notes Due 2020?

POMPANO BEACH, Fla. - July 20, 2015 - PRLog -- Soreide Law Group has been contacted by investors who purchased the Tonon Bioenergia S.A. 9.250% Senior Notes due 2020. Tonon Bioenergia is a Brazilian sugar and ethanol producer.  It has been reported that it seeking debt restructuring. Brazil’s sugar and ethanol producers are struggling due to a fall in sugar prices.  It is the lowest drop in six years because of the worst drought in eighty years and a multi-year cap on ethanol prices, making it nearly an impossibility for the producers’ to meet their obligations. Forty-seven ethanol and sugar mills have closed since 2011 and an additional seventy are under bankruptcy protection.

Recently, Tonon Bioenergia announced that its wholly owned subsidiary, Tonon Luxembourg S.A., has launched an offer to exchange all of its outstanding $300,000,000 debt with the 9.25% Senior 2020 Notes for a new "step-up Senior notes due 2020." If this exchange does not happen, Tonon Bioenergia S.A. 9.250% notes most likely will default according to the company's press release. With the new notes the issuer may defer any interest payment if Tonon has less than $100,000,000 on their balance sheet. Soreide Law Group is interested in speaking with investors who purchased the Tonon notes at the recommendation of their stock broker or financial advisor.

Tonon's balance sheet reflects losses for several years leading up to the issuance of these notes to investors. Soreide Law Group has been contacted by investors who were presented this investment by their stock broker as a safe and secure note. Investors who purchased the Tonon Bioengergia S.A. 9.250% Senior Notes may be able to recover their investment losses by filing a claim in arbitration against the brokerage firms that recommended their purchase. For more information call securities lawyer, Lars Soreide, at (888) 760-6552 or visit http://www.SecuritiesLawyer.com.