Batista's OSX reaches agreement to refinance loan payment -paper


SAO PAULO, Oct 15 (Reuters) - Shipbuilder OSX Brasil SA, controlled by tycoon Eike Batista, reached agreementwith Brazil's development bank BNDES on Monday to refinance a518 million reais ($237.6 million) loan for 30 days, localnewspaper Estado de S. Paulo reported.

Estado, citing sources who declined to be named, saiddebt-ridden OSX is also trying to persuade state-run CaixaEconomica Federal, Brazil's No. 1 mortgage lender, to roll overa 400 million reais loan due on Saturday.

Representatives from OSX, Caixa Economica and BNDES did notimmediately respond to requests for comment on the report, whichwas published on Tuesday, when the loan from BNDES was due to berepaid.

Batista is currently in talks with creditors to prevent thecollapse of his flagship OGX Petróleo e Gas Participações SA , an event that could also bring down OSX, which getsmost of its business from the troubled oil company.

BNDES President Luciano Coutinho said in August that thebank could extend payment deadlines for OSX.

Batista, who just a year ago was Brazil's richest man andthe world's seventh wealthiest with a fortune close to $35billion, is dismantling his Grupo EBX conglomerate because of adearth of cash, surging debt and a loss of investor confidence.

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