Brazil’s Raízen SA has presented creditors with details of its plan to restructure $12.6 billion of debt, which includes a grace period of at least five years and would see them take over a large equity stake and have more say in the sugar and ethanol producer, according to people familiar with the matter.
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Raízen Proposes Creditors Take Large Equity Stake in Restructure
Brazil’s Raízen SA has presented creditors with details of its plan to restructure $12.6 billion of debt, which includes a grace period of at least five years and would see them take over a large equity stake and have…
