Rio Utility Light Nears Recovery Exit After a $296 Million Raise

Brazil · Energy

Key Facts

—Capital increase completed Light finalized a R$1.5 billion (about US$296 million) share subscription on 8 July 2026, satisfying the final condition of its court-approved restructuring plan.

—Backers and dilution Reference shareholders BTG Pactual, Ronaldo Cezar Coelho, and Carlos Alberto Sicupira anchored the raise, while non-participating investors face share dilution.

—Debt conversion unlocked The successful cash injection triggers a planned R$2.2 billion (about US$434 million) debt-to-equity swap, projected to cut net debt from roughly R$9 billion (about US$1.8 billion) to under R$6 billion (about US$1.2 billion).

Rio Utility Light Nears Recovery Exit After a $296 Million Raise

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