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
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