28.10.2015 00:00:00
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General Shopping Finance Limited -- Moody's says General Shopping's Tender Offer of Senior Unsecured Notes is a Distressed Exchange
Sao Paulo, October 27, 2015 -- Moody's América Latina says that General Shopping's tender offer of its US$ 250 Million, 10% senior unsecured perpetual notes is a distressed exchange. On October 22, 2015, General Shopping announced the conclusion of the tender offer, which is expected to retire upon settlement approximately US$ 85 Million in face value of its senior unsecured bonds.