Vitro Readies Bankruptcy

Vitro Readies Bankruptcy

Equity Corporate & Sovereign Strategy

Vitro plans to file for bankruptcy through Mexico’s concurso mercantil process by December 16, it says. The Mexican glassmaker has “has the requisite majority, among debt controlled by Vitro, debt subject to lock-up agreements and consents received through the exchange offer and consent solicitation, to accomplish a prearranged concurso mercantil,” it says. Vitro also is extending the deadline of the bond portion of its debt exchange offer to December 21. The cash portion of the o

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