Overview
- GCDI said its board has sought a concurso preventivo, Argentina’s court-led debt workout that lets a company negotiate with creditors under protection while it keeps operating.
- The company disclosed it would not pay a US$6,736.77 interest installment on its Class XVII notes due this week, a missed payment that can trigger a default after a short grace period.
- Regulatory filings show 2025 losses above 20,000 million pesos, negative net worth, and total liabilities of about 159,700 million pesos.
- Central Bank records list 56 bounced checks totaling 2,084 million pesos, with 12 later made good for roughly 294.5 million pesos.
- GCDI says it will keep work going on projects such as the Puerto Madero observation wheel and refurbishments at the Plaza and Sheraton hotels, as ownership and leadership shifts under Marcelo Fígoli include a new CEO and a June 16 shareholder meeting.