Vitro Navigates Challenges to Restructuring

Vitro Navigates Challenges to Restructuring

Mexico Bonds Corporate & Sovereign Strategy

The US Court of Appeals for the Fifth Circuit has denied the seventh attempt by bondholders to undo Vitro’s Chapter 15 bankruptcy filing, another indication that the Mexican glassmaker is set to successfully restructure its debt. Vitro insists that the bankruptcy and restructuring process is being conducted in Mexico and that any legal challenges in the US will be futile. “We should note that 95% of the company’s assets are in Mexico. These bond holders have a strategy to make the process harder

Already have an account?

Free trial

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

Free Trial