Brazilian sugar and ethanol firm said it is not considering any form of debt restructuring nor filing for bankruptcy protection, according to a securities filing.
- Raizen holds a solid cash position, with 15.7 billion reais in cash at the end of the last fiscal quarter
- It also had 5.5 billion reais in revolving credit facilities
- Its controlling shareholders continue to discuss and assess alternatives to capitalize the company, it said
- NOTE:
Raizen Rout Deepens as Pressure Mounts on Brazil Corporate Debt
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