BUSINESSTHE RIO TIMES
Raizen Extrajudicial Recovery Wins Court Approval
A São Paulo court approved Raizen's out-of-court restructuring plan, involving R$61.4 billion (~US$11.4 billion), supported by 81.6% of creditors. The plan includes a debt-to-equity swap and a capital injection.
Related Signal
Adjacent reporting
- Raizen Seals Brazils Biggest-Ever Out-of-Court Debt Deal
- Raizen Inks $13 Billion Out-of-Court Debt Deal With Creditors
- Raizen to Submit Plan to Creditors for $13 Billion Debt Overhaul
- Raizen’s Creditors Said to Ask for 90% Equity Stake in Debt Swap
- Raízen’s Loss Balloons to $1.45 Billion as Brazil’s Biggest Debt Deal Nears