Key facts
- Raizen SA reached a $12.6 billion debt restructuring agreement with the majority of its creditors.
- The deal aims to improve the company's financial standing.
Raizen SA, a Brazilian sugar and ethanol producer, has reached a $12.6 billion debt restructuring agreement with the majority of its creditors. This deal is intended to improve the company's overall financial standing. The agreement was reached out-of-court, marking a significant step in the company's efforts to rework its debt.