July 27, 2016 12:21 PM ET

Road and Rail

Company Overview of Express de Santiago Uno SA

Company Overview

Express de Santiago Uno SA provides public bus passenger transportation services in Chile. The company operates 882 buses, as well as 6 terminals. The company was founded in 2004 and is based in Pudahuel, Chile.

200 Oak Road

Pudahuel,  

Chile

Founded in 2004

5,162 Employees

Phone:

56 2 947 7600

Key Executives for Express de Santiago Uno SA

Chief Executive Officer
Chief Financial Officer
Technology and Process Manager
Manager of Human Resources and Development
Manager of Express Operations
Compensation as of Fiscal Year 2016.

Express de Santiago Uno SA Key Developments

Joint Reorganization Plan and Disclosure Statement Approved for Inversiones Alsacia S.A.

The US Bankruptcy Court approved the joint prepackaged reorganization plan and related disclosure statement of Inversiones Alsacia SA on December 4, 2014. The debtor filed its joint plan on October 16, 2014. As per the plan, administrative claims, statutory fees, priority tax claims and other priority claims shall be paid in full in cash. Professional claims and costs and expenses of collateral trustees, trustee, paying agent and ad hoc group shall be paid 100% of their allowed amount in cash. Senior secured notes claims of approximately $364 million shall be paid 100% through issuance of new senior secured notes. Other secured claims and general unsecured claims shall be paid 100% of their allowed amount in cash. Intercompany claims shall be released, waived, and discharged or contributed to the capital of the obligor entity or remain unimpaired. The debtors believe that there are no subordinated claims and all the allowed interests in the debtors shall be reinstated. The plan will be funded from cash in hand and issuance of debt.

Joint Prepackaged Reorganization Plan and Disclosure Statement Filed by Inversiones Alsacia S.A.

Inversiones Alsacia S.A., along with its affiliates, filed a joint prepackaged plan of reorganization with related disclosure statement in the US Bankruptcy Court on October 16, 2014. As per the plan filed, administrative claims, statutory fees, priority tax claims and other priority claims shall be paid in full in cash. Professional claims and costs and expenses of collateral trustees, trustee, paying agent and ad hoc group shall be paid 100% of their allowed amount in cash. Senior secured notes claims of approximately $364 million shall be paid 100% through issuance of new senior secured notes. Other secured claims and general unsecured claims shall be paid 100% of their allowed amount in cash. Intercompany claims shall be released, waived, and discharged or contributed to the capital of the obligor entity or remain unimpaired. The debtors believe that there are no subordinated claims and all the allowed interests in the debtors shall be reinstated. The plan will be funded from cash in hand and issuance of debt.

Inversiones Alsacia S.A. and Express de Santiago Uno S.A. Enter Into Forbearance Agreement Extension with Informal Group of Noteholders

Inversiones Alsacia S.A. and Express de Santiago Uno S.A. (together with their subsidiaries and affiliates, the company) announced that they and an informal group of holders 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 entered into on August 18. 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, as well as the related restructuring documents.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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