Raízen Proposes Large Equity Stake for Creditors in $12.6B Debt Plan

Brazilian sugar and ethanol producer Raízen S.A. has presented a plan to its creditors to restructure $12.6 billion of its debt, according to people familiar with the matter The proposal reportedly includes significant terms aimed at managing the company's financial obligations Key elements of the plan involve creditors taking a large equity stake in Raízen and gaining more influence over the company's operations Additionally, the proposal includes a grace period on payments of at least five years The move represents a major step by the company to address its substantial debt load by offering ownership and governance rights to its lenders in exchange for financial relief