Glass Maker Vitro SA Gains On Refinance

Shares of Mexican glass maker Vitro SAB de CV shattered a 52-week high Thursday after the company said it is refinancing its debt.

The company's glass container business unit, Vitro Evases Norteamerica, offered to pay cash for its 10.75 percent senior secured guaranteed notes, worth a total of $250 million. Vitro also announced a new $750 million debt offering to refinance its debt.

Vitro SAB, Mexico's largest glass maker, said the offer is part of a "major initiative" to improve its capital structure and liquidity.

The offer to purchase the 10.75 percent notes expires at midnight on Feb. 7

Read the entire news on the source link below.

600450 Glass Maker Vitro SA Gains On Refinance glassonweb.com

See more news about:

Others also read

Innovative bird-friendly glass featuring Starphire glass among highlights of renovated Tropical Rainforest
National Aviary’s new bird habitat unveiled after extensive renovation.
Starphire glass enhances UV transmittance, vegetation in renovated Tropical Rainforest
Workers install tropical plants, trees under bird-friendly glass to prepare for reopening of prized National Aviary attraction.
Goldray’s laminated pattern on Starphire glass showcases colorful corporate design trend
Ultra-clear glass, color interlayers highlight Spencer Finch-designed panels at 1775 Tysons Blvd.
New Holtec International headquarters features glass fabricated by J.E. Berkowitz
J.E. Berkowitz announced the completion of Holtec International’s new corporate HQ on the company’s 50-acre Krishna P. Singh Technology Campus in Camden, New Jersey.
Vitro Architectural Glass to debut ACUITY low-iron glass, sample kit available for pre-order
New low-iron glass offers clarity, color fidelity upgrade over conventional clear glass.
Installation of new bird-friendly glass at National Aviary nears halfway point
Vitro Glass sponsors $1.2 million renovation of historic Tropical Rainforest exhibit.

From industry

NEWS RELATED PRODUCTS

Vitro Architectural Glass (Formerly PPG Glass)
Vitro Architectural Glass (Formerly PPG Glass)

Add new comment