Odebrecht mulls refinancing options

Odebrecht mulls refinancing options

Debt Capital Markets Bonds Corporate & Sovereign Strategy Fixed Income Equity Loans Project & Infrastructure Finance Structured Finance Brazil

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 G

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