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Vitro says Mexico judge ends 3-year fight with debt approval

Post Time:Feb 08,2012Classify:Industry NewsView:68

Mexican glassmaker Vitro SAB said a judge in Monterrey gave final approval to restructure $1.5 billion of defaulted debt over the objections of U.S. creditors, according to a Feb. 7 Bloomberg report. The approval by Judge Sandra Lopez concludes a three-year legal battle in Mexico that began when the nation’s largest glassmaker defaulted on debt, including $1.2 billion of U.S. bonds.

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