"The loan is an important step in the restructuring of the Company contemplated in the agreement with certain bondholders," OGP said in a securities filing to markets Tuesday.
The short-term instrument will mature in 60 days.
The former OGX founded by Eike Batista in recent weeks reached an agreement with the majority of its bondholders, in the first step of a complex financial restructuring intended to allow the player to emerge from bankruptcy protection.
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