OGX agrees $3.8bn debt -to-equity swap with bondholders

Jan 2, 2014

A majority of creditors to Brazilian oil company OGX agreed a restructuring plan which would see them swap $5.8bn of debt for equity, and ultimately own 90% of the company, the firm announced on December 24. The debt includes $3.8bn owed to bondholders, $1.5bn owed to related company OSX for termination fees,...

To continue reading please take a free trial, subscribe or login below.


Already have an account?

Subscribe

Subscribe now for unlimited access to all current and archive news, data and market analysis. 

Subscribe

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial

Upcoming Events

Poll

Which area will be most profitable for investment banks in LatAm in 2016?

Vote    




Popular Searches