Odebrecht puts up future payments for debt

Odebrecht puts up future payments for debt

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

Brazil's Odebrecht said it has offered to pay off creditors with securities based on the company's future results. As part of a court-ordered restructuring plan, Odebrecht has asked creditors to accept "payment securities" backed by cash flow and one-off gains from asset sales. "Therefore, the better the results and cash flow, the higher the funds transferred to creditors," Odebrecht said in a statement. Odebrecht added that it will negotiate a settlement with creditors over several months befor

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial