Raizen Burns More Cash, Sets Steeper Charge Amid Restructure

Raizen Burns More Cash, Sets Steeper Charge Amid Restructure Brazilian sugar and fuels company Raizen SA reported a cash burn of 3.4 billion reais ($657 million) for the first three months of 2026 and roughly doubled its impairment charge for the crop year, signaling continued challenges as it proceeds with its debt restructuring plan. Earlier this month, Raizen won approval from creditors to rework about 65 billion reais in debt in the biggest out-of-court restructuring in Brazilian history. Under the approved plan, Raizen will convert 45% of its debt into about 80% of equity, and shareholder Shell Plc is injecting 3.5 billion reais in the company.