Billionaire Eike Batista

Billionaire Eike Batista

Jonathan Alcorn/Bloomberg

Creditors of OSX Brasil SA, which billionaire Eike Batista created to build and rent ships to OGX, can take possession of the vessels and demand the oil company repay debt used to finance their construction if the producer becomes insolvent, according to a private placement memorandum OSX issued with its March 2012 bond sale.