IUSA Announces Offer to Exchange Its Series A And Series B 9% Senior Secured Notes Due 2023 For Series A And Series B 9% Senior Secured Variable Coupon Notes Due 2027
The PIK Payment will be made to tendering holders of Old Notes in lieu of the cash payment of such accrued interest.
- The PIK Payment will be made to tendering holders of Old Notes in lieu of the cash payment of such accrued interest.
- The principal objective of the Exchange Offer is to refinance the Old Notes and avoid a potential concurso mercantil proceeding in Mexico.
- The Company reserves the right, subject to applicable law, to extend, withdraw or terminate the Exchange Offer, or otherwise amend the terms of the Exchange Offer.
- If any tendered Old Notes are not accepted for exchange, such Old Notes will be returned without expense to the tendering holder.