Raízen Logo Disclosure The São Paulo Court approved this Thursday (30) Raízen's extrajudicial recovery plan, a decision that makes effective the renegotiation of around R$61.4 billion in the company's financial debts with banks and investors. ? Extrajudicial recovery is an agreement in which the company renegotiates part of the debts directly with some creditors, without the mediation of Justice. The objective is to obtain more time or better payment conditions to reorganize finances and avoid more serious problems, such as bankruptcy. According to the statement released by the company, the decision was taken by the 3rd Bankruptcy and Judicial Recovery Court of the Central District of São Paulo and makes the terms of the plan effective for all creditors covered by the restructuring. ?? Do you have any reporting suggestions? Send it to g1 The company reported that the plan received support from 81.6% of financial creditors without specific guarantees, a sufficient percentage for judicial approval, and that no creditor filed a challenge to the request. "The approval of the Plan reinforces stakeholders' confidence in the consensual and structuring solution for the Raízen Group's debt, reconciling its short-term liquidity needs with an adequate and sustainable capital structure in the long term." Restructuring plan With approval, the company will continue with the measures set out in the restructuring plan. Among them is the possibility of some creditors converting part of the amounts they have to receive into participation in the company, through the issuance of units (a set of shares traded on the stock exchange), in addition to receiving new guaranteed debt securities. The company also intends to carry out a capital increase of between R$3.5 billion and R$4 billion, which will be paid in by Shell Brasil Petróleo and, if it confirms membership, also by Aguassanta Participações, a company controlled by the family of Rubens Ometto, Cosan's controlling shareholder. Furthermore, Raízen foresees a reorganization of its structure, including the separation of the fuel and energy distribution businesses, as well as the sale of assets and other measures foreseen in the plan. *Report being updated