top of page

Total Play Telecomunicaciones S.A. de C.V - Exchange Offer and Consent Solicitation 2024 (US) - Launch

TOTAL PLAY ANNOUNCES EXCHANGE OFFER AND CONSENT SOLICITATION TO THE HOLDERS OF THE REMAINING US$361.5 MILLION OF ITS SENIOR NOTES DUE 2025 - US89157FAA84 - USP9190NAB93

22 MARCH 2024


Full announcement, including disclaimers and offer/distribution restrictions available via Prnewswire:Source: Total Play Telecomunicaciones S.A de C.V


MEXICO CITY, March 22, 2024 /PRNewswire/ -- Total Play Telecomunicaciones, S.A.P.I. de C.V. ("Total Play"), a leading telecommunications company in Mexico, which offers internet access, pay television and telephony services, through one of the largest 100% fiber optic networks in the country, announced today the launch of an exchange offer and consent solicitation to the holders of the remaining US$361.5 million of its US$575 million Senior Notes due 2025 to exchange them for senior secured notes due 2028 (the "New Notes").  As previously informed, a successful private exchange agreement was reached on February 21, 2024, with a group of investors for US$213.5 million of such senior notes due 2025 (the "Private Exchange").

The exchange offer and consent solicitation of the New Notes announced today, proposes to exchange at par, to earmark accounts receivable from the master trust and transfer the flows and payments of such accounts to a payment source trust, bear an annual interest rate of 10.5%, and have an increasing amortization schedule of 20% in 2026, 30% in 2027, and 50% in 2028, respectively — the same conditions that were offered in the Private Exchange on February 21."


...



...

Tags:

55 views0 comments

Comentarios


bottom of page