The company Hortifrut informed the Commission for the Financial Market (CMF) of a discrepancy with the representative of bondholders due to the deterioration in plantations in the last 12 months for about 55 million dollars, regarding whether the issuance contracts allow that this deterioration can be added to the calculation of adjusted EBITDA, “as is done with depreciation and amortization. If the opinion of the RTB prevails, the Company would not comply with this covenants financial".

Hortifrut clarified, however, that “the discrepancy is only at the measurement level of the adjusted EBITDA calculation. The deterioration in plantations does not affect the Company's cash or recurring business, so it does not affect its ability to meet its financial obligations."

“The company is working with the RTB to resolve this difference and, if necessary, will request a summons to a meeting of Bondholders to report the situation and request the consents and/or modifications required under the Issuance Contracts” said Juan Ignacio Allende Connelly, general manager of Hortifrut.