What is the core proposal in Raizen's out-of-court debt restructuring plan regarding equity conversion and capital injections?

The core proposal includes converting 45% of restructured debt into equity at 0.25 real per share, a 3.5 billion real ($699 million) capital injection from Shell at that same share price, and a potential additional 500 million real capital injection by Rubens Ometto's Aguassanta holding.

Who are the key stakeholders involved in the debt restructuring meeting announced by Raizen, and what instruments are under discussion?

The meeting involves holders of Raizen's local debentures and agribusiness receivables certificates (CRA), and they are deliberating on an out-of-court debt restructuring plan whose key terms—including equity conversion mechanics and capital injection conditions—remain under negotiation with financial creditor groups.

Raizen debt holders to meet on restructuring plan

Jun 3, 2026

Brazilian sugar and ethanol producer Raizen plans to meet debt holders to deliberate on a restructuring plan including a $699 million Shell investment and debt-to-equity conversion. Creditors are currently negotiating key terms regarding the deal structure.

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