Vitro to undergo major debt refinancing
Officials from Mexican glassmaker Vitro announced a $750 million debt offering to help the company refinance its third-party debt, improving its overall debt capital structure, according to a Jan. 11 company release.
The offering consists of bank or bond financing and is available to qualified institutional buyers in the United States, according to the release.
Shares jumped almost 10 percent Jan. 11 for Mexican glassmaker Vitro after company officials announced a debt refinancing plan, according to a Jan. 11 Associated Press report.
Share prices gained 53 cents for the day, reaching $6, a 52-week high, according to the AP report.
For the full company release about the refinancing, click here.