Friday, September 27, 2013

Reuters: Bankruptcy News: Brazil's OGX says OGX Austria agrees to change debt payment date

Reuters: Bankruptcy News
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Brazil's OGX says OGX Austria agrees to change debt payment date
Sep 27th 2013, 21:58

RIO DE JANEIRO, Sept 27 | Fri Sep 27, 2013 5:58pm EDT

RIO DE JANEIRO, Sept 27 (Reuters) - OGX Austria GmbH, which owns 100 percent of OGX Petróleo e Gás SA bonds in circulation, agreed to delay a debt payment to March 25 from Sept. 25, OGX said in a securities filing.

As a result of the decision, the chance of OGX going into default with OGX Austria has been put off, the statement said. OGX is controlled by Brazilian tycoon Eike Batista.

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