Over 95% of noteholders have agreed to participate, demonstrating confidence in the Company's strategy
SANTIAGO, Chile, Nov. 22, 2025 /PRNewswire/ -- Automotores Gildemeister SpA ("Gildemeister") today announced the launch of exchange offers for its Junior Notes maturing in 2027 and Subordinated Notes maturing in 2035 (collectively, "the Existing Notes") for new Senior Notes maturing in 2032 and new Subordinated Notes maturing in 2035 to be issued by a newly created holding company. Concurrently with the exchange offers, Gildemeister will solicit consents from the holders of its Existing Notes to make certain amendments to its Existing Notes and release the collateral securing its Junior Notes maturing in 2027. The transaction is expected to reduce Gildemeister's leverage ratio and strengthen the Company's long-term debt maturity profile in support of its growth plans in Chile and Peru.
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Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.