Date: 8 July 2014
A. de C.V., whose maturity increased from December 2014 to June 2018. Furthermore, the new structure will have an interbank equilibrium interest rate (TIIE for its acronym in Spanish) + 2.75 percent.On the previous maturity, the rate stood at TIIE + 3.25 percent.
Claudio Del Valle, Vitro’s Chief Administration and Financial Officer, commented on the matter: "We are very pleased with the accomplishment of this refinancing, because it increases the liquidity of the Company, improving both the maturity and the interest rate of the previous structure."
"It's a positive outcome, which reflects the confidence of our financial partners in Vitro. It also reflects the teamwork at our organization, which has been successful in demonstrating and consolidating that position."
Vitro, S.A.B. de C.V. (BMV: VITROA) is the leading glass manufacturer in Mexico and one of the world’s major companies in its industry, backed by more than 100 years of experience. Founded in 1909 in Monterrey, Mexico, the Company has subsidiaries in the Americas, offering quality products and reliable services to meet the needs of two businesses: glass containers and flat glass. Companies of Vitro produce, process, distribute, and market a wide range of glass articles, which are part of the daily life of thousands of people. Vitro offers solutions for multiple markets, including food, beverage, wine, liquor, beer, cosmetic, and pharmaceutical, as well as architectural and automotive. The Company is also a supplier of raw material, machinery, and equipment for industrial use. As a socially responsible organization, Vitro works on several initiatives aligned to its Sustainability Model, aiming to create a positive influence in the economic, social, and environmental aspects relevant to its stakeholders, in a responsible corporate management framework. For more information, visit: http://www.vitro.com.
Add new comment