What is the total value and scope of Raizen's out-of-court debt restructuring agreement?

Raizen SA reached an out-of-court restructuring agreement covering approximately 65 billion reais ($12.6 billion) of debt, supported by creditors holding around 75% of the obligations included in the plan; it is Brazil’s biggest ever out-of-court restructuring, involving 19 financial institutions and 80 relevant bondholders.

How does the restructuring plan alter Raizen's capital structure and corporate organization?

The agreement converts 45% of the debt into equity and the remaining 55% into new debt, and mandates the segregation of sugarcane processing from the fuel distribution unit by the end of 2027; additionally, CFO Lorival Luz assumes the role of chief restructuring officer, while the current board remains in place through the first quarter of next year, pending a potential 500 million-real capital injection by Chairman Rubens Ometto.

Raizen Inks $13 Billion Out-of-Court Debt Deal With Creditors

Jun 5, 2026

Raizen SA, a major Brazilian sugar and ethanol producer, secured a record $12.6 billion out-of-court debt restructuring, converting 45% of obligations into equity while planning to separate its sugarcane processing business by 2027.

bloomberg

2026-06-05

Raizen Inks $13 Billion Out-of-Court Debt Deal With Creditors

Raizen Inks $13 Billion Out-of-Court Debt Deal With Creditors

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