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Raizen’s Creditors Said to Ask for 90% Equity Stake in Debt Swap

Raízen SA bondholders and bank creditors are asking for a stake of as much as 90% of the company in exchange for 45% of its debt in a restructuring, according to people familiar with the matter.

This article was originally published by Bloomberg Markets and is republished here under license.

Raízen SA bondholders and bank creditors are asking for a stake of as much as 90% of the company in exchange for 45% of its debt in a restructuring, according to people familiar with the matter.

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