São Paulo Court Accepts Raízen’s R$65.1 Billion Out‑of‑Court Debt Plan

Overview

• The ruling suspends enforcement of claims covered by the plan for 180 days, providing temporary legal protection.
• Raízen has 90 days to prove it reached the creditor quorum required for court approval, with the notice filed to the CVM.
• The filing went in with initial backing from creditors holding more than 40% of the liabilities included in the workout.
• The company says the restructuring is strictly financial and operations remain normal, with specialists seeing no immediate fuel‑supply risk.
• Experts caution that a failed deal could restrict short‑term credit and reduce operational flexibility, while ANP oversight is cited as a buffer against shortages.