Raizen Moves to Restructure 65 Billion Reais in Debt

With the backing of creditors holding 75% of its obligations, Brazilian energy giant Raizen has launched a formal out-of-court restructuring plan. The move addresses 65 billion reais—roughly $12.57 billion—in debt, signaling a major shift in the financial trajectory of the country’s leading sugar and ethanol producer.

The company has officially initiated judicial proceedings to formalize the agreement, a necessary step to codify the terms reached with its lenders. By securing a supermajority of creditor support, Raizen aims to stabilize its balance sheet and navigate the complexities of its current financial commitments. The restructuring represents one of the largest such efforts in the Brazilian agribusiness sector, reflecting broader pressures currently facing the industry. Representatives for the company did not respond to requests for comment regarding the timeline for the final court approval.