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Prospect News home > News index > List of issuers G > Headlines for Grupo Famsa SAB de CV > News item
Published on 6/15/2020 in the Prospect News Distressed Debt Daily and Prospect News Emerging Markets Daily.

Grupo Famsa makes interest payment on 9¾% senior bonds due 2024

By Sarah Lizee

Olympia, Wash., June 15 – Grupo Famsa, SAB de CV made the accrued interest payment corresponding to the first coupon of its 9¾% senior bonds due 2024 (Cusips: 40052WAD4, 40052WAE2, P7700WCL2), according to a press release.

The amount of interest accrued for the period from Dec. 17, 2019 to June 15, 2020, payable as of June 15, was for $3,901,114.75.

Grupo Famsa said it is committed to meeting its financial obligations to its creditors, commercial creditors and other third parties, in parallel with the execution of the restructuring process announced on May 29, which is exclusively for the 7¼% senior bonds.

Grupo Famsa is a retail company based in Monterrey, Mexico.


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