Cosan S.A. announced plans for two primary public offerings of shares aimed at raising substantial capital to reduce its financial leverage. The first offering is expected to issue 1.45 billion common shares, with a potential increase of 25%, anchored by a R$7.25 billion commitment from investors at R$5 per share.
A second offering of up to 550 million shares will follow, providing priority rights for existing shareholders. The total issuance across both offerings will not exceed 2 billion common shares, demonstrating a clear strategy for capital structure recalibration.
The funds generated from these public offerings are designated exclusively for the renegotiation and repayment of Cosan's financial debts. This strategic move is critical for effectively reducing the company's financial leverage and restoring flexibility.
Management aims to reduce HoldCo debt by at least 30% in the coming months, with a long-term vision of achieving near-zero structural debt. The successful execution of these offerings is a crucial step towards unlocking shareholder value and increasing share liquidity.
The first offering is contingent on corporate approvals and customary conditions, including its settlement by November 14, 2025. This aggressive deleveraging plan is a direct response to the challenging macroeconomic environment and the company's commitment to a healthier balance sheet.
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