Oi $1.2 billion financing

18/12/2015

Financing

Value:

$ 1.2 billion

Status:

Completed

Date:

18/12/2015

Overview:

Brazilian telecommunication company Oi has borrowed $1.2 billion from the China Development Bank.
Funds from this deal were intended for the acquisition of technology from Huawei Technologies.
The funds were also intended to refinance Oi's debts.
In June 2016, Oi filed for bankruptcy.

Rani Mehta - Journalist

Jurisdictions:

Brazil
China
United Kingdom

Deal type:

Financing

Practice area:

Banking

Industry sector:

Technology and telecommunications

Firms:

Jones Day

Party: Oi (Borrower)

Lawyers: Graham Lim, Wade Angus

Pinheiro Neto Advogados

Party: China Development Bank (Lender)

Lawyer: Ricardo Simões Russo

TozziniFreire Advogados

Party: Oi (Borrower)

White & Case

Party: China Development Bank (Lender)

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