Plan determines that 30% of the proceeds from the sale of assets in Argentina be used to reduce debt of R$65 billion; information is from “Bloomberg”
Raízen’s bank creditors presented on Saturday (April 19, 2026) a proposal to restructure the company’s debt, according to information from Bloomberg.
The plan determines that 30% of the amounts raised from the sale of assets in Argentina be directed to paying debts. The proposal also calls for the departure of Rubens Ometto, founder of , from the presidency of the Board of Directors.
Also according to the agency, the creditor banks of the Brazilian bioenergy company established that 30% of the proceeds from the sale of assets in Argentina must be applied to reducing debt.
On Raíz, joint venture between Cosan and , entered with of extrajudicial restructuring in March 2026. The company’s total debt amounts to R$65 billion.
The banks’ proposal joins another previously presented by bondholders (bondholders) of the company. The company faces pressure from high interest rates, large investments with no return and operational challenges in the sugar and ethanol divisions.
In early April 2026, Raízen presented a proposal to creditors that offered up to 70% of the company’s common shares. This week, bondholders presented their own restructuring proposal.
Oil giant Shell agreed in March to inject R$3.5 billion as part of the restructuring. Ometto committed another R$500 million.
Bondholders requested a capital injection of R$8 billion (US$1.6 billion). The banks’ proposal does not specify a value for capital contribution.
Both bondholders and banks ask for a stake of up to 90% in exchange for 45% of the debt.
Raízen continues to negotiate with creditors to close an agreement.
