Brazil port operator LLX gets $413 mln Bradesco, Santander loan
RIO DE JANEIRO
RIO DE JANEIRO Oct 10 (Reuters) - Brazil's LLX Logística SA , the Brazilian port operator formerly controlled by Brazilian tycoon Eike Batista, received a 900 million real ($413 million) loan from Banco Santander SA, and Banco Bradesco SA, the company said in a securities filing on Thursday.
The 18-month loan was approved after the company completed the sale of 1.3 billion reais of new LLX stock to Washington-based EIG Global Energy Partners. The transaction transferred control of the company from Batista to EIG.
At the same time, Bradesco, Brazil's No. 2 non-state bank, agreed to extend the term of 813 million reais of credit to LLX for three years.
($1 = 2.18 Brazilian reais) (Reporting by Jeb Blount; Editing by Leslie Gevirtz)