What is the total amount of Raizen's debt restructuring proposal, and what new capital-raising initiative has the company proposed to support it?

Raizen is seeking to restructure a 65 billion-real ($13.05 billion) debt, and has proposed raising up to an additional 5 billion reais in fresh capital — on top of 4 billion reais already pledged by Shell and Rubens Ometto, Cosan's founder and controlling shareholder. The source of the additional 5 billion reais remains unclear, and Brazilian conglomerate Cosan is not injecting any cash into the company.

How is Raizen responding to creditor demands regarding corporate governance and executive accountability in the debt restructuring process?

Raizen is resisting creditor demands that shareholders surrender a majority of board seats or that executives be held responsible for potential future liabilities; however, it has agreed to establish a creditors' committee to strengthen governance oversight.