The R$ 800 million loan will allow the company to face expenses related to the bankruptcy protection process and to provide continuity to its business
In January 27, 2016, the decision confirming the OAS Group Plan was rendered. Such decision extended for additional fifteen (15), as of the decision which confirmed the Plan was rendered, the deadline set forth in Clause 4.4.7 of the Plan for Group 2 Financial Creditors interested in exercising the Option 2 – Cash to send the Cash Option Notice of Exercise to the OAS Group, with copy to the Judicial Administrator.
OAS release to the market the update of the negotiation between OAS with certain holders of the Bonds and Brookfield Asset Management Inc. and related documents.
OAS S.A. announces information regarding negotiations with certain holders of OAS investments gmbh’s 8.25% senior notes due 2019, OAS finance limited’s 8.00% senior notes due 2021 and OAS finance limited’s 8.875% perpetual notes and Brookfield asset management inc.
UHE Baba (Ecuador)
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With global operations, OAS Engenharia creates jobs, workforce qualification and promotes economic and social development in places where it operates, building roads, dams, power plants, ports and airports.
OAS Group has filed in 31 of march an application for Judicial Recovery of nine of their companies to the Judiciary of the State of Sao Paulo. The initiative was the best path found by the Group to renegotiate their debts with creditors and suppliers.
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