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Raízen files a plan to restructure debt of $64.7 billion
🗓️ 06/06/2026 20:43
Raízen filed on Friday (June 6, 2021) an out-of-court reorganization plan to restructure $64.7 billion in debt. In a statement released by Fato Relevante, the company said that the proposal was presented to the 3rd Bankruptcy and Judicial Reorganization Court of the District of São Paulo. Read the full text (PDF – 81 kB). According to the company, the plan already has adherence of creditors representing 75.45% of the financial and unsecured credits covered by the restructuring, a percentage higher than the minimum required by the Recovery and Bankruptcy Law for judicial approval. The debt considered in the process excludes transactions between companies of the group itself. Controlled by Cosan and Shell, Raízen stated that the support was obtained from different groups of creditors, including banks, holders of bonds issued in the domestic market and international bond investors. According to the company, the necessary quorum was reached before the 90-day period provided for in the legi