Brazil court approves Brookfield DIP loan for engineering firm OAS: Reuters
A Brazilian court approved a debtor-in-possession loan to engineering firm OAS SA, the company said, after it earlier this year filed for bankruptcy protection in the wake of a corruption investigation that shut its access to refinancing, Reuters reported. Brookfield Asset Management will extend the US$254 million loan to OAS, which will set aside a 24.4 percent stake it owns in infrastructure company Invepar as collateral.
15 July 2015•2 mins read
