Odebrecht Closes Agreement for R$50 Billion Debt to Banks

The company was expected to update its judicial reorganization plan yesterday. The reorganization procedure is expected to be voted at a general meeting this month.

RIO DE JANEIRO, BRAZIL - Odebrecht, one of the main symbols of Operation Lava Jato, reached an agreement with its main creditor banks to restructure more than R$50 billion (US$10 billion) in debt. As a result, the company should update its Subscribe to our Premium Membership Plan. Already Subscribed?