August 5, 2022 |
Mexican retailer Grupo Famsa said its subsidiary Famsa México has exited bankruptcy proceedings in a court in the northern state of Nuevo León, according to a securities filing.
The restructuring plans that Famsa México presented on May 2 "was signed by the majority of the recognized creditors in the commercial bankruptcy requested by the company," Famsa said in the filing on Wednesday.
In June, Famsa signed a syndicated loan led by local export-import bank Bancomext and also inked an agreement
Mexican retailer says subsidiary Famsa México has come to an agreement with most of its "recognized creditors"