OGX Creditor Group Heard Approaching 50%

OGX Creditor Group Heard Approaching 50%

Brazil Bonds

A group made up of six bond investors holding OGX 2018 and 2022 bonds is said to represent about half the bonds in each issue, according to people familiar with the matter. The creditors have organized to discuss the EBX Group oil company’s financial situation, specifically to ask for information on related party transactions and how clauses in other OGX debt might affect the bonds. The group could grow to include other members. It has hired law firms Cleary Gottlieb and Pinheiro Neto, and could

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