Maxcom Telecomunicaciones, S.A.B. de C.V. (OTCQX: MXMTY, BMV: MAXCOM A) has amended its tender offer to purchase outstanding Step-Up senior notes due 2020 issued by Maxcom, the company said.
As of the early tender deadline of 12: 00 a.m. midnight, New York City time, on May 9, 2017 (one minute after 11: 59 p.m., New York City time, on May 8, 2017), approximately USD 12,242,671 in aggregate principal amount of notes have been tendered in the tender offer.
The company has increased the tender offer consideration payable to notes tendered in the tender offer after the Early Tender Deadline, but at or prior to the Expiration Time (defined as 9: 00 a.m., New York City time, on May 23, 2017), from USD 0.55 per USD 1.00 principal amount to USD 0.60 per USD 1.00 principal amount. This amendment effectively extends the USD 0.05 early tender premium to all validly tendered notes, regardless of whether the notes are tendered before or after the Early Tender Deadline.
The tender offer will expire at 9: 00 a.m., New York City time, on May 23, 2017, unless extended by the company, and is subject to, and conditioned upon, the satisfaction or waiver of certain conditions described in the Offer to Purchase.
Maxcom has retained BCP Securities, LLC, to act as Dealer Manager for the tender offer.
Maxcom Telecomunicaciones, headquartered in Mexico City, Mexico is an integrated telecommunication services operator providing widespread voice and data services to residential and business customers in four metropolitan markets in Mexico and selected services in other markets.
Maxcom provides a wide range of services including local and long-distance voice, data, high speed, dedicated and dial-up Internet access, Voice over Internet Protocol telephony and paid TV. It also offers mobile voice service through resale and capacity leasing agreements with third parties.