Light S.A. (LIGT3) reported in a material fact notice this Wednesday, September 9, 2026, that the 3rd Corporate Court of the Judicial District of the Capital of the State of Rio de Janeiro has ordered the termination of the company’s court-supervised reorganization proceedings. The court declared that all obligations set forth in the Judicial Reorganization Plan that fell due during the oversight period, from 06/18/2024 to 06/18/2026, have been fulfilled.
According to the report by the Court-Appointed Administrator mentioned in the ruling, obligations carried out included creditors’ selection of payment methods, lump-sum payment to more than 27,000 creditors holding claims of up to R$ 30,000, the issuance and delivery of the new debt instruments provided for in the plan, the restructuring of notes issued abroad and the capital increase resulting from the renewal of Light SESA’s concession.
The report also recorded a capital injection of R$ 300 million into Light SESA, timely payment of the new debt instruments, delivery of debentures to the supporting financial creditors of Light SESA, and the full transfer of funds allocated to creditors in the up-to-R$ 30,000 bracket. The Court-Appointed Administrator and the Public Prosecutor’s Office of the State of Rio de Janeiro both issued favorable opinions on closing the judicial reorganization.
In the ruling, the judge ordered the Court-Appointed Administrator to render accounts within 30 days and to calculate any court fees due. The judge also ordered notices to be sent to the Public Register of Companies and to the Federal Revenue Service to remove the expression “IN JUDICIAL REORGANIZATION” from Light’s corporate name in all acts, contracts and documents, as well as the publication, by public notice, of the operative part of the decision, granting a 20-day period for creditors and interested parties to be informed.
The judge stressed that only obligations not yet due or of a continuing nature subject to the plan remain in force, in addition to residual claim verification proceedings, which do not prevent the closing of the case. If any remaining obligation under the plan is breached, creditors may request specific performance of their claims or the bankruptcy of the debtors, pursuant to Law No. 11,101/2005.
