OSX Brasil and subsidiary plans to be implemented with lender approval

By Kali Hays

New York, Jan. 30 – OSX Brasil SA’s judicial recovery plan and the plans of its OSX Construcao Naval SA and OSX Servicos Operacionais Ltda. subsidiaries were approved by bank lender Caixa Economica Federal on Friday, according to a company release.

The company said that approval by Caixa was a condition to the effectiveness and implementation of the recovery plans.

As previously reported, the plan were approved in general creditors meetings held in December.

OSX Brasil is a Rio de Janeiro-based oil and gas holding company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.