November 13, 2019
Mexico's Grupo Famsa has given bondholders a few extra days to swap $140 million in 7.25% 2020 notes for new 9.75% 2024 notes, according to a securities filing.
The early tender deadline is now November 15, after the original deadline passed on November 8, the Monterrey-based retailer said.
Famsa has offered to make an even swap with bondholders who tender their notes by the early deadline. After that, it will exchange $950 in 2024 notes for every $1,000 in 2020 bonds until the final deadline on
Mexican retailer gives bondholders until November 15 to exchange $140 mln in 2020 notes for new 2024s