Raízen advances debt restructuring plan
In Brazil, Reuters reports Raízen is moving forward with an out-of-court debt restructuring plan that includes a proposed $699 million capital injection from Shell and a potential additional investment from billionaire Rubens Ometto’s Aguassanta holding. The plan also calls for converting 45% of restructured debt into equity at a discounted share price. Creditors and bondholders are continuing negotiations on key terms, including the timing and structure of any additional capital contributions. The restructuring aims to strengthen Raízen’s balance sheet and improve its financial position.
Category: Fuels
