June 16, 2020
Chilean holding company AD Retail, which operates the retailers Abcdin and Dijon, stands to receive CLP90 billion ($114 million) in financing from creditors and shareholders to restructure pressing debts and maintain operations, according to a securities filing.
AD Retail will repackage all its debts under the restructuring agreement with two options for creditors. The lenders that provide an additional CLP57.2 billion in funding for the company's consumer finance division Cofisa, AD Retail will
Creditors and shareholders agree to provide $90 mln in financing to keep the Chilean retailer's stores open