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Prospect News home > News index > List of issuers A > Headlines for Alpargatas SAIC > News item
Published on 9/18/2006 in the Prospect News Distressed Debt Daily and Prospect News Emerging Markets Daily.

Alpargatas gets court approval to execute APE debt restructuring plan

By Caroline Salls

Pittsburgh, Sept. 18 - Alpargatas SAIC obtained court approval to execute its acuerdo preventive extrajudicial (APE), according to a company news release.

Debt covered is Alpargatas' series B bonds due March 15, 2010, series A bonds due March 15, 2015, 9% convertible bonds due March 15, 1998, 11¾% series 10 bonds due Aug. 18, 1998, 12¾% bonds due July 30, 2003, promissory notes due April 21, 1998, promissory notes due June 8, 1998 and promissory notes due Aug. 13, 1998

Alpargatas is a footwear and textiles manufacturer and retailer based in Buenos Aires, Argentina.


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