Brazil's Cosan plans $1.9B debt reduction through capital raise

Core Insights - Cosan, Brazil's largest sugar and ethanol producer, is planning to raise up to 10 billion reais (approximately $1.9 billion) through a public offering to manage its growing debt burden [1] Company Summary - The company is facing an increasing debt burden, prompting the need for a significant capital raise [1] - The public offering aims to address financial challenges and improve the company's balance sheet [1] Industry Context - The sugar and ethanol industry in Brazil is experiencing financial pressures, which may lead to similar capital-raising efforts by other companies in the sector [1]