OGX Files Bankruptcy, OSX Seeks Platform Sale

OGX Files Bankruptcy, OSX Seeks Platform Sale

Brazil Bonds Corporate & Sovereign Strategy

OGX has officially filed for bankruptcy in a Rio de Janeiro State Court, according to the court’s website. The Eike Batista oil producer admitted this week that negotiations with creditors and potential investors had finished without an agreement. Brazilian bankruptcy petitioners have 60 days to present creditors with a restructuring plan for their approval, in order to maintain operations. If it is not approved, OGX faces liquidation. The filing applies to the OGX Petroleo e Gas Participacoes,

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