Vitro Shareholders Push On with Restructuring

Vitro Shareholders Push On with Restructuring

Mexico Corporate & Sovereign Strategy

Shareholders of troubled glass company Vitro have approved its controversial $3.6bn restructuring plan, a step in forcing bondholders to accept the company’s terms. The borrower said that all shareholders approved the proposal. The proposed restructuring of $3.6bn in debt has angered bondholders after a Mexican judge said Vitro could include $1.9bn in intercompany debt as part of the bondholder tally, allowing it to claim that 51% of creditors had agreed to the restructuring terms. The shar

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial