Bank creditors have submitted a fresh debt restructuring proposal to Raízen, the Brazilian heavyweight in the fuel and sugar sectors. According to reports, the new plan suggests that the company allocate 30% of the revenue generated from selling its assets in Argentina toward paying down its existing debt.
Raízen, a major joint venture and a key player in Latin America’s energy market, is currently evaluating the terms as it seeks to stabilize its financial position. While the specific details of the negotiations remain private, the move highlights ongoing efforts by creditors to secure repayment through the divestment of the company’s international holdings. Neither Raízen nor the involved financial institutions have officially confirmed the specifics of the proposal.