Raizen, Brazil's largest sugar company, reaches a $12.6 billion debt restructuring agreement

2026-03-28 20:24:21

On March 11, it was reported that Raizen, Brazil’s largest sugar and ethanol company, has reached an out-of-court debt restructuring agreement with creditors and bondholders, involving approximately 65.1 billion reais (about 12.61 billion USD) in debt. Raizen is a joint venture between Brazilian corporate group Cosan SA and oil giant Shell, and it was previously reported that the company is considering potential asset sales and halting new plant construction projects in an effort to reduce debt. (Jiemian News)

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