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Logistics company RAIL3 filed with the Securities Commission an automatic registration request for its 8th issuance of non-convertible debentures, worth R$1.8 billion, to be offered in two series.
The proceeds from the offering will be used to cover costs linked to the company’s concessions and leases within the 36 months preceding the end of the offer.
The schedule outlines that the bookbuilding will occur on March 26, debenture financial settlement on March 28, and final closure on September 23, 2025.
Cosan (CSAN3) plans to make Rumo’s capital open (RAIL3).
The Cosan Group is looking to sell Raízen Power, a renewable energy marketer, and intends to make the logistics company Rumo public in order to lower its debt, as reported by columnist Lauro Jardim from “O Globo”. JP Morgan has been hired by Cosan to handle the sale of Raízen Power.
BTG was selected as the bank for Rumo’s initial public offering.
Cosan divested its stake in Vale (VALE3) for R$9 billion in January, resulting in an estimated reduction of the company’s debt to R$14 billion.
Raízen Power plans to sell a package of small renewable energy generation plants worth R$ 1 billion, along with the Leme sugar and ethanol plant previously owned by Biosev.
Cosan aims to enhance its financial position and lower debts by selling off renewable assets that are not deemed essential for the company, including small solar plants, small hydroelectric plants (PCHs), and biogas.
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