Axtel calls $87.5 million senior notes due 2013

By Angela McDaniels

Seattle, Jan. 25 - Axtel SA de CV said it will use the equity clawback to redeem $87.5 million of its 11% senior notes due 2013, or 35% of the $250 million originally issued.

The redemption price is 111% plus accrued interest to Feb. 22, the redemption date, for a total of $1,131.08 per $1,000 note.

The company is funding the redemption with proceeds from an issuance of equity securities on Dec. 9

Axtel is a telecommunications company based in Monterey, Mexico.

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