San Pedro Garza Garcia, Mexico, February 19, 2019 – The leading glass producer in North America, Vitro, S.A.B. of C.V. (BMV: VITROA), hereinafter “Vitro” or the “Company”, announced today that it notified BBVA Bancomer in its capacity as Administrative Agent of the syndicated loan, its intention to pre-pay voluntarily and in advance an amount of US $ 50 million, with the aim of improving its financial structure and reducing the payment of interests. Both strategies are in line with the Company’s objective to maintain a solid financial structure for opportunities of growth that could be presented in the future.
Referring to this advance payment, Adrián Sada, CEO of Vitro said, "We are committed to continue strengthening our financial position to remain prepared for any scenario that may arise in the medium term."