Raizen to Submit Plan to Creditors for $13 Billion Debt Overhaul

AI Summary

Brazil’s Raizen SA is preparing to present a final restructuring proposal to creditors, aiming for a $13 billion debt overhaul. This is a critical step in the company's efforts to address financial challenges in the sugar and ethanol production sector.

Brazil’s Raizen SA is preparing to present creditors with a final restructuring proposal as soon as Wednesday, a key step in the struggling sugar and ethanol producer’s months-long push to clinch an out-of-court debt overhaul.