Brazil's Raizen secures additional creditor support for out-of-court restructuring plan

Cosan

12/06/2026 13:10

    SAO PAULO, June 12 (Reuters) - Brazil's embattled sugar and ethanol producer Raizen RAIZ4.SA said on Friday it has secured additional creditor support for its out-of-court restructuring plan, as the company deals with debt of nearly 65 billion reais ($12.73 billion).
In a securities filing, Raizen said creditor support for the plan grew from 75.45% of the restructured claims to 80.15%. The firm had announced last week that it secured sufficient backing to proceed with the plan, the largest ever recorded in the country.

($1 = 5.1061 reais)

 (Reporting by Fernando Cardoso; Editing by Joe Bavier)
 ((fernando.cardoso@thomsonreuters.com;))