Brazil’s Enseada Industria Naval (EIN) shipyard has reached an out-of-court debt restructuring deal with creditors.
The drillship-building venture, partly owned by Kawasaki Heavy Industries of Japan, said it will reorganise BRL 1.3bn ($415m) through an extra-judicial recovery filed with a Rio de Janeiro judge, the Valor Economico daily said.
The process involves debts to suppliers and short-term loans from banks. Long-term borrowings have already been restructured.
EIN
