Vitro Finalizes Restructuring

Vitro Finalizes Restructuring

Mexico Corporate & Sovereign Strategy

Vitro has entered into an agreement that will enable it to end its restructuring process and litigation with creditors in Mexico and the US, it says. Fintech, an investment firm that has served as the Mexican glassmaker’s investor, creditor and advisor, will purchase all of the $729m held by the ad-hoc group of bondholders for 85.25% of face principal amount of the notes and pay indenture trustees and ad hoc members $57.5m to cover fees and other costs. In exchange, Fintech will receive shares i

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