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GRUPO FAMSA: Orrick, Herrington Represents Bondholder Group

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Pursuant to Rule 2019 of the Federal Rules of Bankruptcy Procedure, the law firm of Orrick, Herrington & Sutcliffe LLP submitted a verified statement to disclose that it is representing the Ad Hoc Bondholder Group in the Chapter 11 cases of Grupo Famsa, S.A.B. de C.V.

Orrick Herrington represents the Ad Hoc Bondholder Group in connection with the Debtor’s chapter 11 case. Orrick does not represent or purport to represent any other entities in connection with the Debtor’s chapter 11 case. Orrick does not represent the Ad Hoc Bondholder Group as a “committee” and does not undertake to represent the interests of, and is not a fiduciary for, any creditor, party in interest, or entity other than the Ad Hoc Bondholder Group. In addition, the Ad Hoc Bondholder Group does not represent or purport to represent any other entities in connection with the Debtor’s chapter 11 case.

As of Aug. 6, 2020, members of the Ad Hoc Bondholder Group and their disclosable economic interests are:

2024 Notes
———-

Barclays Bank PLC $9,262,000
745 7th Avenue
New York, NY 10019

Penderfund Capital Management Ltd $5,887,000
1066 Hastings St W Suite 1830
Vancouver BC V6E 3X2
CA Canada

Vontobel Asset Management AG $18,789,000
Genferstrasse 27 Zurich 8022
CH Switzerland

Additional holders of claims against the Debtor’s estate may become members of the Ad Hoc Bondholder Group, and certain members of the Ad Hoc Bondholder Group may cease to be members in the future. Orrick reserves the right to amend or supplement this Verified Statement in accordance with the requirements set forth in Bankruptcy Rule 2019.

Counsel to Ad Hoc Bondholder Group can be reached at:

ORRICK, HERRINGTON & SUTCLIFFE LLP
Raniero D’Aversa, Jr., Esq.
51 West 52nd Street
New York, NY 10019
Telephone: (212) 506-3715
Facsimile: (212) 506-5151
Email: rdaversa@orrick.com

A copy of the Rule 2019 filing, downloaded from PacerMonitor.com, is available at https://is.gd/4YCdPj.

About Grupo Famsa

Grupo Famsa, S.A.B. de C.V. is a variable capital public stock corporation under the laws of Mexico, originally organized on Dec. 27, 1979 under the name Corporacion Famsa, S.A. The Debtor is not a public reporting company in the United States pursuant to the Securities Exchange Act of 1934. The Debtor is the parent company of several non-debtor subsidiaries, both in the United States and Mexico, which operate in the retail and banking sectors. Visit https://www.grupofamsa.com/ for more information.

Grupo Famsa sought Chapter 11 protection (Bankr. S.D.N.Y. Case No. 20-11505) on June 26, 2020. The case is assigned to Hon. Shelley C. Chapman. At the time of filing, the Debtor was estimated to have $1 billion to $10 billion in assets and liabilities as of the bankruptcy filing.

The Hon. Shelley C. Chapman is the case judge.

PAUL HASTINGS LLP is the Debtor’s counsel. ALFARO, DAVILA & SCHERER is the financial advisor. EPIQ CORPORATE RESTRUCTURING, LLC, is the claims agent.

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