CBO Holding backs Itaú surety for CBO obligations under BNDES guarantee contract
Reuters2026/08/07 21:23- CBO Holding’s board met on July 29, 2026 to back new credit support tied to an offshore unit’s financing.
- Authorized a surety arrangement with Itaú Unibanco, naming the company as joint and several debtor, in favor of Brazil’s BNDES.
- Approved providing a corporate guarantee to secure obligations assumed by Companhia Brasileira de Offshore under the surety contract.
- Ratified management actions, including execution of documents by the company’s directors and affiliates to implement the transaction.
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