Raízen Lenders to Demand Management Changes in Counteroffer

A Shell truck prepares to refuel at a Raizen SA distribution center in Sao Paulo, Brazil.Photographer: Victor Moriyama/Bloomberg

Raízen SA and its creditors are working on a new restructuring proposal for the company’s 65 billion reais ($12.5 billion) debt load following a week of high-stakes meetings in New York, according to people familiar with the matter.

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