VivoCorp seeks way out of financial problems

VivoCorp seeks way out of financial problems

Corporate & Sovereign Strategy Bonds Debt Commerce Andean Latin America South America Chile

Chilean shopping mall operator VivoCorp said it has hired Credicorp Capital as an adviser to help improve its finances so that it can keep on top of debt payments and investment projects. The Santiago-based financial services company will help it find and implement alternatives to strengthen "the company's financial position and guarantee the development of its new projects," VivoCorp said in a securities filing on Friday. The decision came after its ratio of unencumbered assets, or when assets

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