Argentina's Mastellone Hermanos gets regulatory approval for exchange

By Caroline Salls

Pittsburgh, April 30 - Mastellone Hermanos SA has received the final regulatory approvals for an issuance of notes necessary to complete its December exchange offer and consent solicitation, according to a company news release.

The proposed date for closure of the exchange offer is May 7.

As previously reported, the company will exchange its variable-rate debt due 2011, notes due 2012 and fixed-rate debt due 2013 for a combination of cash and new debt.

Mastellone Hermanos is a Buenos Aires food company.

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