OSX Presents Revamped Bankruptcy Plan, Calls Assembly

Maritime Activity Reports, Inc.

November 17, 2014

OSX Brasil SA, a shipbuilding and ship leasing firm controlled by Brazilian tycoon Eike Batista, presented a revamped bankruptcy protection plan to a judge in Rio de Janeiro on Monday. In May, OSX had presented a plan to pay $2.6 billion in debt over 25 years.

The company also said it would hold an assembly for its creditors on Dec. 10, according to a securities filing.

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