May 25, 2018 / 4:09 PM / 24 days ago

Brazil's Odebrecht says will pay bondholders immediately

SAO PAULO, May 25 (Reuters) - Brazilian engineering conglomerate Odebrecht SA said on Friday in a statement it has reached an agreement with five lenders to get a 2.6 billion reais ($711.12 million) loan.

Odebrecht said it will use the loans to repay “immediately” bondholders owed 500 million reais by the construction unit Odebrecht Engenharia e Construção since April 25.

$1 = 3.6562 reais Reporting by Carolina Mandl

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