Argentina's Mastellone Hermanos updates APE debt exchange results

By Caroline Salls

Pittsburgh, Feb. 12 - Mastellone Hermanos SA said holders of $171 million of its debt had agreed to the company's proposed Acuerdo Preventivo Extrajudicial debt exchange as of 5 p.m. ET on Feb. 12.

The consents have come from holders of 76.9% of the debt subject to exchange, according to a company news release.

Although it has received the majority of consents needed to execute its Acuerdo Preventivo Extrajudicial, the company said it has extended the exchange offer to 5 p.m. ET on Feb. 26 to give creditors more time to complete the consent procedures.

Mastellone Hermanos is a Buenos Aires food company.

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