Vitro Debt Restructuring Extended

Vitro Debt Restructuring Extended

Mexico Corporate & Sovereign Strategy

A court appointed arbitrator has asked for an extension in Vitro’s $3.6bn debt restructuring, marking the latest salvo in a controversial debt overhaul for the trouble Mexican glass-maker. Javier Navarro, a mediator charged with tallying bond-holder support for the borrower’s restructuring proposal, asked the court on Thursday for a 45-day extension in a process originally scheduled to end on Nov 14. “This gives me more time so I don’t have to declare company bankruptcy,”

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