Mastellone Hermanos agrees to exchange $5.39 million of 11¾% notes due 2008

By Caroline Salls

Pittsburgh, June 27 - Mastellone Hermanos SA entered an agreement with a holder of $5.39 million of its 11¾% notes due 2008 to exchange the notes for its 8% notes due 2012, according to a company news release.

The company was in default on the 11¾% notes, according to the release.

The new notes were similar to those issued during the company's financial restructuring, which was finalized in October 2004.

Mastellone Hermanos is a Buenos Aires food company.

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