The so-called put option, which could total up to 200million reais ($90.9 million), can be exercised after 19 February 2014, pendingapproval from regulators, according to Reuters reports citing filings with theSao Paulo stock exchange.
The agreement would also allow for 600 million reais of OGXMaranhao's debt to be rolled over.
OGX missed a $45 million interest payment to bondholdersearlier this month and is currently in a 30-day grace period that expiresThursday.
The
