Alsacia & Express Extend Forbearance Agreement with Informal Group of Noteholders to Allow for Completion of Documentation of Agreement in Principle

Aug 22, 2014, 17:51 ET from Alsacia S.A. from ,Express de Santiago Uno S.A.

SANTIAGO, Chile, Aug. 22, 2014 /PRNewswire/ -- Inversiones Alsacia S.A. and Express de Santiago Uno S.A. (together with their subsidiaries and affiliates, the "Company") announced today that they and an informal group of holders (the "Informal Group") that, collectively, holds more than 60% of the principal amount of the Company's 8% senior secured notes due 2018 (the "Existing Notes") have agreed to extend, for a period of up to 7 days, the forbearance agreement (the "Forbearance Agreement") entered into on August 18, 2014. The extension of the forbearance will allow the parties to complete the negotiation and documentation of the agreement in principle that the Company reached with the Informal Group, as previously announced on August 18, 2014, as well as the related restructuring documents.

SOURCE Alsacia S.A.; Express de Santiago Uno S.A.