Maxcom Announces Second Supplement To Exchange Offer
MEXICO CITY, March 7, 2013
MEXICO CITY, March 7, 2013 /PRNewswire/ -- (NYSE: MXT,BMV: MAXCOM.CPO) –
Maxcom Telecomunicaciones, S.A.B. de C.V. ("Maxcom" or the "Company") today
announced that on March 4, 2013 it further amended and supplemented the
pending exchange offer (the "Exchange Offer") for any and all of its
outstanding 11% Senior Notes due 2014 (the "Old Notes") for its Step-Up Senior
Notes due 2020 (the "New Notes").
The Company is further amending and supplementing the Exchange Offer in order
to (i) add an obligation that the Company make an offer to repurchase the New
Notes at 85% of the principal amount of the New Notes with a portion of the
capital contribution it receives from shareholders exercising their preemptive
rights in connection with the capital contribution of approximately US$45
million by the purchaser of the Company in connection with the equity tender
offer for Maxcom's Series A Common Stock and related CPOs and ADSs and (ii)
clarify the obligation and timing of the US$45 million capital contribution to
The complete terms and conditions of the Exchange Offer and consent
solicitation are described in the Offering Memorandum and Consent Solicitation
Statement, copies of which may be obtained by eligible holders of the Old
Notes by contacting D.F. King & Co., Inc., the information agent for the
Exchange Offer and consent solicitation, at (800) 967-4607 (toll free).
The New Notes have not been registered under the Securities Act of 1933, as
amended (the "Securities Act"), or any state securities laws, and may not be
offered or sold in the United States absent registration or an applicable
exemption from registration requirements, and will therefore be subject to
substantial restrictions on transfer.
The Exchange Offer is being made, and the New Notes are being offered and
issued, only to registered holders of Old Notes (i) in the United States who
are "qualified institutional buyers," as that term is defined in Rule144A
under the Securities Act and (ii) outside the United States and are persons
who are not "U.S. persons," as that term is defined in Rule902 under the
This announcement is for informational purposes only and does not constitute
an offer to sell or a solicitation of an offer to buy the New Notes nor an
offer to purchase Old Notes nor a solicitation of consents. The Exchange
Offer and consent solicitation is being made solely by means of the Offering
Memorandum and Consent Solicitation Statement and Letter of Transmittal.
Maxcom, headquartered in Mexico City, Mexico, is a facilities-based
telecommunications provider using a "smart-build" approach to deliver
last-mile connectivity to micro, small and medium-sized businesses and
residential customers in the Mexican territory. Maxcom launched commercial
operations in May 1999 and is currently offering local, long distance, data,
value-added, paid TV and IP-based services on a full basis in greater
metropolitan Mexico City, Puebla, Tehuacan, San Luis, and Queretaro, and on a
selected basis in several cities in Mexico. The information contained in this
press release is the exclusive responsibility of Maxcom and has not been
reviewed by the Mexican National Banking and Securities Commission (the
"CNBV") or any other authority. The registration of the securities described
in this press release before the National Registry of Securities (Registro
Nacional de Valores) held by the CNBV, shall it be the case, does not imply a
certification of the investment quality of the securities or of Maxcom's
solvency. The trading of these securities by an investor will be made under
such investor's own responsibility.
This document may include forward-looking statements that involve risks and
uncertainties that are detailed from time to time in the U.S. Securities and
Exchange Commission filings of the Company. Words such as "estimate,"
"project," "plan," "believe," "expect," "anticipate," "intend," and similar
expressions may identify such forward-looking statements. The Company wants to
caution readers that any forward-looking statement in this document or made by
the company's management involves risks and uncertainties that may change
based on various important factors not under the Company's control. These
forward-looking statements represent the Company's judgment as of the date of
this document. The Company disclaims, however, any intent or obligation to
update these forward-looking statements.
SOURCE Maxcom Telecomunicaciones, S.A.B. de C.V.
Contact: Manuel Perez, Investor Relations, (52 55) 4770-1170,
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