External creditors of Raízen form a group to lead conversations about debt restructuring

Holders of debt securities issued abroad (bonds) by sugar and alcohol producer Raízen have hired financial advisor Moelis to form an "ad hoc" group, which will conduct any conversations with the company about a restructuring of its debts, according to the Estado Real-Time News System. The law firm White & Case was also hired by the bondholders. Raízen, for its part, has already contracted the law firms Pinheiro Neto Advogados and Cleary Gottlieb Steen & Hamilton LLP as legal advisors to seek solutions for its financial situation. On average, Raízen's bonds are being traded this Thursday, the 12th, at 30% of face value, that is, with a 70% discount compared to the nominal value. As of the end of the second quarter of the 2025/2026 crop year, Raízen's net debt totaled R$ 53.4 billion, of which about R$ 27 billion in bonds with maturities between 2027 and 2054. To try to lower this debt, Raízen - a joint venture between Cosan and Shell - is trying to secure a capital increase ...