RIO DE JANEIRO (Reuters) - Brazilian oil equipment and service company Lupatech SA
Lupatech also missed payments in April and July and the company has missed payments on local debt in reais.
Lupatech shares fell 43 percent to 1.04 reais in Sao Paulo trading on Thursday before the announcement, which came after the market closed. The stock has lost 63 percent of its value in the past year.
The latest payment was a quarterly installment due on the 9.875 percent debt that came due on Thursday, Lupatech said in a Brazilian securities filing.
Lupatech invested heavily to gain business in Brazil's expanding offshore oil industry. Delays and increasingly tight cash at Brazil's main oil producer, state-run Petroleo Brasileiro SA
Lupatech is one of several oil and gas companies, including OGX Petroleo e Gas SA
Lupatech's bonds trade at 8 cents on the dollar, a level common to debt in default.
Lupatech is working with creditors to find ways to bring its debt in line with its capital structure, the company said in the filing.
(Reporting by Jeb Blount; Editing by Paul Tait and Richard Pullin)
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