After weathering pandemic-related disruption early in 2021, Latin American loan and bond markets remained open for business, with bonds leading the way - Ongoing COVID-19.
Chilean car importer seeks support for pre-pack restructuring
Teodor Teofilov Credit: shutterstock.com/meowKa
Chilean car importer Automotores Gildemeister has commenced solicitation for a pre-packaged Chapter 11 process to reduce its debt by over US$200 million, after restructuring its senior notes in 2019 and 2016.
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Chilean car seller Automotores Gildemeister is seeking bondholder permission for a restructuring that would see senior secured creditors receive all the company’s equity and a combination of secured and unsecured bonds. Unsecured bondholders who will be offered a far more meagre recovery have hired legal advisors.
Chilean car seller set for Chapter 11 after missing coupon globalcapital.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalcapital.com Daily Mail and Mail on Sunday newspapers.