Press Release April 9, 2021

Alston & Bird LLP Retained by Holders of a Majority of 8.25% Senior Notes due May 2021 Issued by Automotores Gildemeister S.A.

Alston & Bird today announced that it has been retained as restructuring counsel by a majority of holders of Automotores Gildemeister SpA’s 8.25% Senior Notes due May 2021 (the “Senior Notes”) in connection with the Company’s previously announced plans to file for bankruptcy protection in the United States and its announcement that it would not make its scheduled interest payments.  That announcement was made on April 1, 2021 and the Company announced that it plans to file for bankruptcy protection in the first half of April. 

Any holder of Senior Notes seeking additional information regarding the announced transaction or steps to be taken to protect the interests of holders of Senior Notes should contact: William Sugden, +1 (404) 881-4778, will.sugden@alston.com.
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