Mexico's Alestra receives tenders for 35.97% of 8% notes due 2010

New York, Aug. 24 - Alestra, S de RL de CV said it received tenders for $109.431 million of its 8% senior notes due 2010, 35.97% of the amount outstanding.

The tender expired at midnight ET on Aug. 21.

. As announced on July 27, Alestra was tendering for all the outstanding notes.

It said it would pay $1,012.50 for each $1,000 principal amount of notes, including an early participation payment of $2.50 for notes tendered by 5 p.m. ET on Aug. 7, the early tender date.

The price paid will be the original principal amount of the notes multiplied by a scaling factor of 0.635 to reflect principal amortization.

Holders will also receive accrued interest.

Citigroup Global Markets Inc. (800 558-3745 or 212 723-6108, attn.: liability management) and Morgan Stanley & Co. Inc. (800 624-1808 or 212 761-5384, attn.: liability management and restructuring) are the dealer managers.

D.F. King & Co., Inc. (800 431-9643 or bankers and brokers call collect at 212 269-5550) is the tender agent and information agent.

The issuer is a provider of telecommunications services based in Monterrey, 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.