November 27, 2018 |
Odebrecht is considering a range of options to restructure more than $3bn in debt, although investors are running out of patience after the Brazilian construction company said it will not make its next interest payment, sources told LatinFinance.
"All the options are on the table and there are a dozen of them," a credit ratings analyst said.
Odebrecht said on November 26 that it had hired Moelis & Co. and the law firm Cleary Gottlieb to lead restructuring talks with investors, but S&P
Bankers fear the troubled Brazilian company will offer a sharp haircut for investors