The proposal was presented to the São Paulo Court and already has the support of 75.45% of creditors
On Friday (June 6, 2026), it filed an extrajudicial recovery plan to restructure R$64.7 billion in debt. In a statement released by Fato Relevante, the company informed that the proposal was presented to the 3rd Bankruptcy and Judicial Recovery Court of the District of São Paulo. Read (PDF – 81 kB).
According to the company, the plan already has support from 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 operations between companies within the group itself.
Controlled by Cosan and Shell, Raízen stated that 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 deadline provided for in the legislation.
Extrajudicial recovery is a mechanism that allows the renegotiation of debts between companies and creditors without the need for judicial recovery. After approval by the Court, the approved terms become valid for all creditors covered by the plan.
The movement is part of the company’s efforts to reduce its financial leverage and reorganize its capital structure. The measure was announced just days after the company closed the sale of fuel refining, distribution and marketing assets in Argentina for US$1.42 billion.
SALE OF ASSETS
On Thursday (June 4), for the Mercuria Energy group. The transaction includes the Dock Sud refinery in Buenos Aires, a network of more than 700 gas stations, logistics infrastructure and fuel and lubricant sales operations.
The deal was closed for US$1.42 billion. In addition to paying for the acquisition of assets, Mercuria will assume debts from Raízen’s Argentine subsidiary. The completion of the operation still depends on regulatory approvals and the fulfillment of conditions set out in the contract.
The sale is part of the company’s strategy to simplify the portfolio and optimize capital allocation. The company informed that the resources obtained from the operation will be used to strengthen its financial structure and reduce debt.
In recent months, Raízen has adopted measures to reinforce its cash flow and reduce its leverage. The sale of Argentine assets is considered one of the main initiatives in this process and preceded the protocol of the extrajudicial recovery plan presented to the São Paulo Court.
