What specific terms did Raízen's bank creditors include in their new restructuring proposal?

Raízen's bank creditors proposed that 30% of the proceeds from the sale of Argentine assets be used to pay down debt, and they requested that Rubens Ometto, founder of parent Cosan SA, be replaced as Raízen’s chairman — a demand that echoes a prior proposal by bondholders.

How does the bank creditors' proposal differ from the earlier bondholder proposal regarding financial terms?

While bondholders previously asked for 8 billion reais ($1.6 billion), the bank creditors’ proposal does not specify a monetary amount, focusing instead on asset-sale proceeds allocation and governance changes.

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Raízen SA's bank creditors proposed a new restructuring plan involving asset sales and leadership changes to manage the bioenergy firm's 65 billion-real debt. The move aims to avoid bankruptcy while negotiating terms with major stakeholders including Shell and Cosan.

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