Mexico’s Maxcom launches tender offer for $25 million of 2020 notes

By Marisa Wong

Morgantown, W.Va., April 25 – Maxcom Telecomunicaciones, SAB de CV said it has begun a tender offer to purchase up to $25 million of its $125,498,877 outstanding step-up senior notes due 2020.

The tender offer will expire at 9 a.m. ET on May 23.

The total consideration payable for each $1.00 principal amount of notes tendered and purchased under the offer will be $0.60.

Holders who tender their notes by midnight ET on May 9 (one minute after 11:59 p.m. ET on May 8), the early tender deadline, will be eligible to receive the total consideration, which includes an early tender premium of $0.05 per $1.00 principal amount.

Holders who tender notes after the early tender deadline will be eligible to receive only the tender offer consideration, which is the total consideration less the early tender premium.

The company will also pay accrued interest to the settlement date.

Tenders may be withdrawn prior to midnight ET on May 9.

If the total amount tendered exceeds the offer cap, the company will accept for purchase an amount up to the cap, and the notes purchased will be prorated with no priority given to any notes tendered.

BCP Securities, LLC is dealer manager for the tender offer. Holders with questions can contact James Harper of BCP Securities at 203 629-2181 or jharper@bcpsecurities.com.

D.F. King Ltd. (maxcom@dfkingltd.com; 800 967-5051 or 212 269-5550 for U.S. office; +44 20 7920 9700 for London office; +852 3953 7320 for Hong Kong office) is the information agent and tender agent.

Maxcom is an integrated telecommunication services operator based in Mexico City.

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