Maxcom Telecomunicaciones Announces Commencement of Exchange Offer
20 November 2007 - 9:54AM
PR Newswire (US)
MEXICO CITY, Nov. 19 /PRNewswire-FirstCall/ -- Maxcom
Telecomunicaciones, S.A.B. de C.V. ("Maxcom" or the "Company"),
announced that beginning today the Company will be offering, upon
the terms and subject to the conditions set forth in the prospectus
dated November 16, 2007 (as supplemented from time to time), to
exchange an aggregate principal amount of $200 million of its 11%
Senior Notes Due 2014 originally issued on December 20, 2006,
January 10, 2007 and September 5, 2007 (collectively, the "Existing
Notes") for a like amount of 11% Senior Notes Due 2014 which have
been registered with the Securities and Exchange Commission ("SEC")
under the Securities Act of 1933. The exchange offer will expire at
5:00 p.m. New York City time on December 18, 2007 unless extended
by Maxcom. The exchange offer is not conditioned upon any minimum
principal amount of Existing Notes being tendered for exchange. The
terms of the new senior notes to be issued in the exchange offer
are substantially identical to the Existing Notes, except that the
transfer restrictions and registration rights relating to the
Existing Notes will not apply to the new senior notes. Any Existing
Notes not tendered will remain subject to existing transfer
restrictions. The exchange offer is being made only by means of a
prospectus. Copies of the prospectus may be obtained from Deutsche
Bank Trust Company Americas, who is acting as exchange agent, c/o
DB Services Tennessee, Inc., Reorganization Unit, 648, Grassmere
Park Road, Nashville, TN, 37211, telephone: (800) 735- 7777. An
effective registration statement (and related prospectus) is on
file with the SEC and a copy of the registration statement (and
related prospectus) is also available on the SEC's website,
http://www.sec.gov/. This press release does not constitute an
offer to sell or the solicitation of an offer to buy any Existing
Notes or any other security, and shall not constitute an offer,
solicitation or sale in any jurisdiction in which or to any persons
to whom such offering, solicitation or sale would be unlawful. The
information contained in this press release is the exclusive
responsibility of Maxcom Telecomunicaciones, S.A.B. de C.V. and has
not been reviewed by the Mexican National Banking and Securities
Commission (CNBV). The trading of these securities by an investor
will be made under such investor's own responsibility. For more
information contact: Jose-Antonio Solbes Mexico City, Mexico (52
55) 1163 1005 Lucia Domville New York City, NY (646) 284-9416 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 statements 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. DATASOURCE: Maxcom Telecomunicaciones, S.A.B. de C.V.
CONTACT: Jose-Antonio Solbes, Maxcom Telecomunicaciones, Mexico
City, +011-5255-1163-1005, ; or Lucia Domville, New York,
+1-646-284-9416, , for Maxcom Web site: http://www.maxcom.com/
Copyright