Bankrupt OAS gets financing package from Canadian investor

Brazilian firm Dias Carneiro, Arystóbulo, Flores, Sanches and Thomaz Bastos Advogados, insolvency and litigation boutique E Munhoz Advogados and Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados have helped indebted construction group OAS obtain US$250 million worth of debtor-in-possession (DIP) financing from Canadian asset manager Brookfield to maintain operations during its court-supervised restructuring, the first time a Brazilian company has obtained DIP financing from an outside investor.