UPDATE 1-Sete Brasil to seek up to $5 bln funding in reorganization plan

5 months ago Comments Off on UPDATE 1-Sete Brasil to seek up to $5 bln funding in reorganization plan

SAO PAULO, Aug 12 (Reuters) – Sete Brasil Participações SA presented a draft reorganization plan on Friday that includes seeking up to $ 5 billion in funding and downsizing business, three months after the Brazilian rig leaser sought court protection against 18 billion reais ($ 5.7 billion) in looming debt payments.


Reuters: Financial Services and Real Estate