OGX Hires Lazard

OGX Hires Lazard

Brazil Corporate & Sovereign Strategy

Brazil’s OGX has added Lazard to its growing list of advisors, according to a person familiar with the matter, as it discusses restructuring options. The bank is to work alongside Blackstone in dealing with the Eike Batista oil company’s liabilities as its cash dries up. Holders of $3.6bn in OGX dollar bonds, trading recently at less than 20, organized last month and hired Rothschild. Needing cash to fund production at its wells, OGX is close to defaulting, analysts say, with options including a

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