Creditors Accept OSX Brasil’s Bankruptcy Protection Plan

Creditors Accept OSX Brazil's Bankruptcy Plan

An assembly of creditors in Rio de Janeiro approved on Wednesday a new bankruptcy protection plan put forward by Brazilian shipbuilder OSX Brasil SA in an effort to save the company while refinancing a USD 2.6 billion debt, Reuters reports. 

OSX revealed the new bankruptcy protection plan, accompanied by bankruptcy protection plans  for its subsidiaries OSX Construção Naval SA and OSX Serviços Operacionais Ltda, a month ago.

According to the securities filing, the plan still needs to be approved by a Rio de Janeiro bankruptcy court and Caixa Econômica Federal, a state-controlled lender with which OSX Construção Naval still has a loan in arrears.

OSX filed for protection from bankruptcy in November of 2013.

Share this article

Follow World Maritime News

In Depth>


<< May 2019 >>
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

CWC World Gas & Power Series: Brazil & the Americas Summit is the perfect meeting place to make contacts…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >