Famsa unit exits bankruptcy

Famsa unit exits bankruptcy

Debt Mexico Capital Markets Asset Management

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

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