Secured bondholders take driver’s seat in Chilean car seller restructuring

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Secured bondholders take driver’s seat in Chilean car seller restructuring

Chile, Hyundai, car, restructuring, automotores gildemeister, LatAm, recession, crisis, default, 575

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.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article