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Published on 11/9/2020 in the Prospect News Emerging Markets Daily and Prospect News High Yield Daily.

Total Play to price benchmark five-year notes in Monday drive-by; initial talk 7½%-7¾%

By Abigail W. Adams

Portland, Me., Nov. 9 – Mexico’s Total Play Telecomunicaciones, SA de CV plans to price a benchmark issue of five-year senior notes (B2//BB-) in a Monday drive-by with initial price talk for a yield of 7½% to 7¾%, according to market sources.

The notes are non-callable for three years.

Jefferies LLC (bill and deliver), Barclays and Credit Suisse Securities (USA) LLC are bookrunners for the Rule 144A and Regulation S offering.

Proceeds will be used to refinance debt, for capital expenditures and for general corporate purposes.

Total Play is a Mexico City-based online entertainment company.


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