Brazil's OSX says BNDES agreed to refinance $238 mln loan

Reuters

SAO PAULO, Oct 16 (Reuters) - OSX Brasil SA, theBrazilian shipbuider controlled by embattled tycoon EikeBatista, reached an agreement with Brazil's state developmentbank BNDES on Wednesday to refinance a 518 million reais ($238million) loan for an undisclosed period.

Currently, OSX is also trying to roll over a 400 millionreal loan with state-run Caixa Economica Federal that comes dueon Saturday, a source told Reuters this week.

View Comments (0)