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Automotores Gildemeister Launches Exchange Offers and Consent Solicitations to Enhance Financial Flexibility and Support Growth Initiatives
Over 95% of noteholders support the exchange offer aiming to reduce leverage and improve debt maturity to fund growth in Chile and Peru.
- On Nov. 22, 2025, Automotores Gildemeister SpA announced exchange offers for its Junior Notes maturing in 2027 and Subordinated Notes maturing in 2035 from Santiago, Chile.
- To reduce leverage and support expansion in Chile and Peru, Automotores Gildemeister SpA aims to lower its leverage ratio and strengthen long-term debt at the parent level, streamlining the operating company and enhancing working capital access.
- Concurrently, the company is soliciting consents to amend the Existing Notes and release collateral securing the Junior Notes maturing in 2027, while the exchange offers pay down approximately 17% of the Existing Notes and extend Junior Notes maturity to 2032.
- Bondholders representing over 95% have agreed to participate, and the company expects improved access to working capital under enhanced banking relationships and financing lines.
- The offer opens with an early exchange date of December 5 and stays open until December 22 unless extended; it is not offered into the United States, and bondholders should contact S&P Global.
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Coverage Details
Total News Sources82
Leaning Left8Leaning Right8Center21Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 22%
C 57%
R 21%
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