Automotores Gildemeister Introduces Exchange Offers to Boost Financial Stability and Support Expansion Plans

Automotores Gildemeister Makes Strategic Moves to Strengthen Financial Foundation

Automotores Gildemeister SpA, a prominent vehicle distributor in Latin America, has unveiled new exchange offers aimed at enhancing its financial flexibility. These initiatives are essential components of the company's long-term growth strategy, which targets expansion in Chile and Peru.

On November 22, 2025, Gildemeister announced the exchange offers specifically directed at its Junior Notes that mature in 2027 and Subordinated Notes maturing in 2035. The company plans to replace these with new Senior Notes maturing in 2032 alongside new Subordinated Notes also due in 2035, which will be issued by a newly established holding company. Furthermore, as part of this restructuring process, Gildemeister is soliciting consents from its Existing Notes holders to implement amendments, including the release of the collateral associated with the Junior Notes.

CFO Andrés Salvestrini emphasized the company's achievements since its restructuring in 2021, which have included strengthening OEM relationships and expanding banking interactions. The progress made has allowed Gildemeister to accumulate resources for debt repayments. Salvestrini stated, "The transactions announced today aim to capitalize on these advancements, establishing a long-term debt profile that will enable Gildemeister to leverage its operational success and focus on regional growth."

The proposed exchange offers come with an expectation to lessen the company's existing debt burden by reducing approximately 17% of the Existing Notes, while simultaneously extending the maturity of the Junior Notes to 2032. The newly created holding company will streamline the long-term financial structure by concentrating financial obligations at the parent level.

The restructuring aims to not only stabilize Gildemeister's finances but also alleviate exposure to currency fluctuations and improve access to working capital under more favorable conditions. Salvestrini noted that bondholders representing over 95% of the notes involved are supportive of these initiatives, underscoring confidence in the company’s strategic direction.

The early exchange deadline is set for December 5, 2025, while the overall offers will remain open until December 22, 2025, unless extended. Salvestrini encourages all remaining bondholders to participate in this transformative moment for the organization.

Overview of Automotores Gildemeister

Automotores Gildemeister is a key player in the Latin American automotive market, prominently known for distributing Hyundai vehicles while managing a diverse portfolio that includes reputable brands like JAC, Mahindra, and Volvo. Its operations span across Chile, Peru, and Costa Rica, covering various aspects of the automotive sector such as vehicle sales, after-sales services, spare parts, and insurance products.

This exchange offer exemplifies Gildemeister's commitment to robust financial health and future-oriented planning, essential for navigating the competitive automotive landscape in the region.