A Shell truck in Brazil. Raizen is partly owned by Shell and manages gasoline distribution for the company in Brazil. (Photo: Raizen)
Francisco Cestero, Luke Barefoot and Rich Cooper, Cleary Gottlieb. (Latinvex collage)
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Wednesday, June 10, 2026
Cleary Advises $12.5 Bln Raízen Restructuring
Cleary counsel to bondholders in $1 billion GEMSA restructuring.
BY LATINVEX STAFF
Cleary Gottlieb represents Brazilian energy company Raízen and certain of its affiliates in connection with the filing of its 66.5 billion reais (US$12.5 billion) extrajudicial (EJ) restructuring plan in Brazil – the largest ever in the country, according to various media.
Cleary Gottlieb also represented an ad hoc group of holders of the 11% Senior Secured Notes due 2031 issued by Argentine private electricity generators Generación Mediterránea S.A. (GEMSA) and Central Térmica Roca S.A. (CTR), in connection with a comprehensive restructuring process of GEMSA’s $1 billion group debt.
Keywords: Argentina, Brazil, Cleary Gottlieb, Finance
