Brazil sugar group Clealco refinances nearly 1 bln reais in debt
(World News Brazil)

Brazilian sugar group Clealco Acucar e Alcool SA reached a deal with banks late on Friday to refinance almost 1 billion reais in debt, three people with knowledge of the operation said, and a company executive confirmed the deal. The refinancing deal reduced Clealco`s short-term debt to 5 percent of the total from 75 percent previously as the maturities have been extended, the sources said. ......