Odebrecht's construction unit OEC has signed an agreement with bondholders ...
FILE PHOTO: The corporate logo of the Odebrecht SA construction conglomerate is pictured at its headquarters in Sao Paulo, Brazil, July 29, 2019. REUTERS/Amanda Perobelli
SAO PAULO - Odebrecht’s construction unit OEC has signed an agreement with bondholders to restructure its debt at a 55% discount, cutting it from $3.2 billion to $1.4 billion, the conglomerate said in a statement on Friday. The bonds, which matured and were unpaid earlier this year, will have new 4-1/2-year maturities. The agreement concludes the out-of-court restructuring of Odebrecht’s construction unit. Brazilian newspaper Valor Economico first reported on the signing of the agreement.
The Odebrecht conglomerate was one of the main targets in Brazil’s widest-ever corruption probe and filed for bankruptcy protection in June.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
The 55 Best Songs From the '80sI'm just living on a prayer.
Lire la suite »
New products, remodeled stores push U.S. dollar chains to boost profit forecastThe top two U.S. discount store chains raised their full-year profit forecast on...
Lire la suite »
New products, remodelled stores push U.S. dollar chains to boost profit forecastThe top two U.S. discount store chains raised their full-year profit forecast on...
Lire la suite »
'Where do I go?' EU citizens face legal limbo after decades in BritainAnna Amato was just two when she moved to Britain from Italy with her parents 55...
Lire la suite »
'Where do I go?' EU citizens face legal limbo after decades in BritainAnna Amato was just two when she moved to Britain from Italy with her parents 55...
Lire la suite »
Halle Berry poses poolside in a sheer bathing suit — and it's on sale right nowShop the 53-year-old's figure-flattering one-piece at a discount right now.
Lire la suite »