Chilli Beans Files for Out-of-Court Restructuring to Renegotiate Debt

Chilli Beans filed for an out-of-court restructuring request in late October 2026. The chain is seeking to renegotiate 340 million reais in liabilities with financial institutions.

Founder Caito Maia attributes the debt to loans taken out during the pandemic. At that time, interest rates ranged between 2% and 3% per year, but the subsequent rise in the Selic rate pushed the cost of debt to approximately 20%.

The process focuses exclusively on bank debts with institutions such as Itaú, Akron Capital, and Vega. Obligations to employees, suppliers, and commercial partners remain outside the agreement to preserve daily store operations.

The company has hired executive André Dela Togna as vice president. He has a background in corporate restructuring and is leading a technical team focused on managing high liabilities.

Despite the restructuring, the company maintains expansion plans of 10% for 2026. The growth strategy continues to be based on the franchise model and the development of new products.