Industrias Metalurgicas Pescarmona SA, the Argentine wind-turbine maker owned by the Pescarmona family and known as Impsa, agreed to sell holdings in wind parks in Brazil to a local developer as it prepares to restructure its debt.

Ventos de Sao Jorge Energias Renovaveis SA, a Fortaleza, Brazil-based wind-power developer owned by the Salus investment fund, agreed to buy stakes in five wind farms from Impsa-run Energimp SA, according to a filing to Brazil’s antitrust regulator. The price wasn’t disclosed.

Ismael Jadur, Impsa’s manager of institutional relations, didn’t reply to an e-mail and a call seeking comment. Impsa, owned by Mendoza, Argentina-based Venti SA, said earlier this year that its Brazilian sister company Wind Power Energia SA, or WPE, was seeking to sell assets to cut debt.

The Pescarmona group is seeking a bailout from the Argentine government after delayed payments from its biggest clients in Venezuela and Brazil led to a cash-flow shortage. Impsa has said it hired an adviser to restructure its debt and will soon present a restructuring offer to creditor.

Venti, Impsa and WPE were downgraded to default this week by Fitch Ratings after the three companies failed to meet a Sept. 30 interest payment on a $390 million bond due 2020. Impsa has cross-default clauses with WPE.

Pescarmona’s total generation assets in Brazil may be worth as much as 4.9 billion reais ($1.9 billion), according to Bloomberg New Energy Finance, including 330 megawatts of wind farms in operation and 480 megawatts under construction. It’s the third-biggest producer of wind energy in the country with a market share of 6.4 percent. Wind turbines account for 90 percent of its revenue.