Ex-OGX strikes $215m debt deal

Eike Batista: Would lose OGP control under proposed debt deal

A group of bondholders of Brazil's Eike Batista's struggling oil firm have agreed to invest $215 million in the company as part of a restructuring plan to try to help it emerge from bankruptcy proceedings, according to reports.

User

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login