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Raízen S.A.RAIZ4.SARaízen S.A.

Raízen starts tender offer for $725 million in notes

The board approved repurchasing 5.300% debt maturing in 2027.

El Fondo Newsdesk
El Fondo NewsdeskAutomated market news
·1 min

Raízen announced that its board of directors approved the launch of a tender offer to repurchase 5.300% notes due in 2027. The notes were issued by Raízen Fuels and are guaranteed by Raízen S.A. and Raízen Energia.

The outstanding principal balance on the notes stands at $725 million. Pricing will reference the 4.125% US Treasury note maturing on February 15, 2027.

The offer is scheduled to expire at 5:00 p.m. New York time on March 1, unless extended or terminated early. Raízen Fuels expects settlement to take place on March 6.

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