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

AI Summary

Raizen SA, a major Brazilian producer of sugar and ethanol, has signed a $13 billion out-of-court restructuring agreement with creditors. This deal is a significant step in managing the company's debt and financial stability.

Raizen SA reached an out-of-court restructuring agreement with the majority of its creditors, marking a key step in the Brazilian sugar-and-ethanol producer’s efforts to rework its debt, according to people familiar with the matter.