Raizen announces $12.6B debt restructuring deal
In Brazil, Reuters reports Raizen has announced a plan to restructuring $12.6 billion in debt in an out-of-court restructuring agreement that already has 47% of debt holders onboard. The company has 90 days to secure the agreement of the remaining debt holders. Without the restructuring deal, the world’s largest sugar producer is concerned about its ability to continue operating after wildfires, extremely bad weather and capital expenditures put the company in a precarious financial situation.
Category: Fuels
