Telmex acquires $366.2 million of 5½% senior notes from two series

By Toni Weeks

San Diego, March 11 - Telefonos de Mexico, SAB de CV said that as part of its strategy to reduce debt it has acquired from America Movil $243.6 million of its 5½% senior notes due 2015 and $122.6 million of its 5½% senior notes due 2019 as a result of the exchange offer that expired on March 3.

According to a press release, Telmex paid roughly $394 million, which includes a premium of $27.8 million, for the notes and subsequently canceled them.

Based in Mexico City, Telmex provides telecommunications services in Mexico.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.