1. Raízen's $12.6 Billion Debt Restructure Hands Creditors Major Equity Stake and Control
Brazilian sugar and ethanol giant Raízen SA is proposing a massive debt-for-equity swap that would fundamentally shift control of the company. The producer has presented creditors with a restructuring plan for its $12.6 billion debt load, a move that would see lenders take over a large equity stake and gain significant...