BRASILIA (Reuters) - Brazilian ethanol producer Biosev SA (BSEV3.SA) has signed preliminary agreements with 11 financial institutions to roll over 3.66 billion reais ($1.1 billion) worth of debt, it said in a securities filing on Wednesday.
Biosev said its board was also seeking shareholder approval to raise up to 4.79 billion reais ($1.44 billion) through a private offering. The company proposes issuing up to 1.1 billion common shares at $4.32 reais per share, with controlling shareholders expected to contribute 3.46 billion reais to the capital increase.
($1 = 3.3205 reais)
Reporting by Jake Spring