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Vitro plans to restructure its debt

Post Time:Jul 30,2010Classify:Industry NewsView:100

The company presented a counterproposal to the members of the Special Committee of Bondholders to obtain consent.

At the meeting, Vitro’s members of the Committee on Finance and Planning submitted a counterproposal and their vision to reach a consensual restructuring agreement.

Representatives of the Mexican company producer of glass containers, Vitro, met in recent days with members of the Special Committee of Bondholders in New York. This vision is to produce a wide-ranging effort to creditors by way of application for consent to achieve debt restructuring, according toa July 29 Latino Business Review report.

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Source: http://www.glassmagazine.com/news-item/commercial/vitro-plans-restructure-its-debt-106479Author:

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