* Glassmaker Vitro has struggled with mounting debt
* Plan restructures debt with creditors and from units (Recasts, adds details on debt amount, stock price)
MEXICO CITY, Dec 14 (Reuters) - Mexican glassmaker Vitro, which has been struggling with high debt and falling sales, said it filed a restructuring plan with a local court.
The Monterrey-based company, which makes everything from beer bottles to perfume containers for international luxury brands, also said on Tuesday that it would seek protection from creditors under a Chapter 15 proceeding in U.S. courts once a Mexican judge approves its plan.
Vitro’s (VITROA.MX) VTO.N initiative calls for the restructuring of $1.5 billion of debt with a combination of new notes due 2019, convertible bonds and a cash payment.
The company has also said it wants to include an additional $1.9 billion in debt from several of its subsidiaries in the restructuring.
Vitro shares slipped nearly 1 percent in early trading on Tuesday to 14.95 pesos. (Reporting by Cyntia Barrera Diaz; editing by John Wallace)