Raizen debt holders to meet on restructuring plan

SAO ​PAULO, June ⁠3 (Reuters) - Brazilian ​sugar and ethanol maker Raizen said on Wednesday ​that ‌holders of local debentures and agribusiness ⁠receivables certificates (CRA) would meet ⁠later in the ​day to deliberate on an out-of-court debt restructuring plan.

The plan includes a ​3.5 ‌billion real ($699 million) injection from Shell at 0.25 real per share and a potential additional 500 ​million real capital injection by billionaire ‌Rubens Ometto's Aguassanta holding.

* Raizen had previously unveiled ‌a draft plan, including the conversion of 45% of restructured debt into equity ​at 0.25 real per share.

* Key terms ‌remain under negotiation with financial creditor groups, the company said.

* Reuters reported ⁠on ⁠Tuesday that creditors and ‌bondholders were working to finalize terms, including whether ​Ometto ​could inject fresh capital ‌at a later stage. ($1 = 5.0046 reais) (Reporting by Gabriel Araujo; Editing by Louise Heavens and Joe Bavier)

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