OSX Rolls Debt

OSX Rolls Debt

Brazil Loans Bonds

OSX Brasil has rolled over domestic loan debt, it says. State-run Caixa Economica Federal has agreed to extend for 12 months a BRL461m ($202m) loan to OSX. The loan is guaranteed by Santander Brasil, who has agreed to maintain the guarantee. The Eike Batista shipbuilder has reached a standstill agreement with Santander and Brazil's Banco Votorantim – which guaranteed a BRL518m BNDES loan similarly rolled over last month – until October 2014. The standstill agreement follows the similar renegotia

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