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Raízen Said to Work on an Out-of Court Restructuring
March 5, 2026
Raízen said that it could move towards an out-of-court restructuring process amid its debt worries. The company said that its shareholder Shell and Rubens Ometto (the founder of Cosan) have agreed to inject a combined BRL 4bn ($765mn) into the company, as per a filing. Shell will contribute BRL 3.5bn ($670mn), while Rubens Ometto will invest BRL 500mn ($95mn) via his holding company. The proposal includes a broader debt restructuring that may involve partially converting its debt into equity, extending maturities and divesting non-core assets. The update comes amid failed negotiations between Raízen and its controlling shareholders over a broader rescue plan. Besides, private equity funds managed by Banco BTG Pactual SA, who were also involved in the negotiations had rejected several terms.
Raizen’s dollar bonds were trading lower across the curve with its 6.45% 2034s down by 1.2 points to trade at 48.2 cents on the dollar.
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