Ley

Transtelco Holding, Inc. Announces Extension of Early Tender Date and Expiration Date for Cash Tender Offer for Any and All Outstanding 8% Senior Secured Notes Due 2024 of Maxcom Telecomunicaciones, S.A.B. de C.V.

Retrieved on: 
Friday, October 22, 2021
Expiration, Settlement date, Federal Acquisition Regulation, Acquisition, Dedicated, Francisco Morazán, Metro Transport Sydney, Date, Concurso de Cante Jondo, Internet access, Convention to propose amendments to the United States Constitution, Senior, Mercado, Solution, Colocation, Compliance, Bankruptcy, Ley, LLC, Growth, Sociedad, Morazán, Telephony, Consent, Person, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., Solicitation, Forward-looking statement, Security (finance), Bank

Because the expiration date for the Equity Tender Offer has been extended, Transtelco has also extended the Early Tender Date and the Expiration Date for the Offer and Consent Solicitation.

Key Points: 
  • Because the expiration date for the Equity Tender Offer has been extended, Transtelco has also extended the Early Tender Date and the Expiration Date for the Offer and Consent Solicitation.
  • The new Early Tender Date is 5:00 p.m., New York City time, on November 5, 2021 (the "Early Tender Date"), which is also the expiration date of the Offer (the "Expiration Date").
  • In addition to extending the Early Tender Date and the Expiration Date, Transtelco also announced today the tender results of the Offer and Consent Solicitation to date.
  • Transtelco understands that Maxcom does not have the means to repay the amounts that will become due and payable under the Notes.

Transtelco Holding, Inc. Announces Early Tender Results And Extension Of Early Tender Period Of Cash Tender Offer For Any And All Outstanding 8% Senior Secured Notes Due 2024 Of Maxcom Telecomunicaciones, S.A.B. de C.V.

Retrieved on: 
Thursday, October 7, 2021
Bankruptcy, Ley, Consent, Senior, Growth, Sociedad, Morazán, Internet access, Compliance, Metro Transport Sydney, Solicitation, Mercado, Francisco Morazán, Dedicated, Person, Solution, Expiration, LLC, Telephony, Forward-looking statement, Convention to propose amendments to the United States Constitution, Colocation, Settlement date, Concurso de Cante Jondo, Federal Acquisition Regulation, Date, Security (finance), Life insurance, Bank

The new Early Tender Date is 11:59 p.m., New York City time, on October 21, 2021, which is also the expiration date of the Offer (the "Expiration Date").

Key Points: 
  • The new Early Tender Date is 11:59 p.m., New York City time, on October 21, 2021, which is also the expiration date of the Offer (the "Expiration Date").
  • Transtelco understands that Maxcom does not have the means to repay the amounts that will become due and payable under the Notes.
  • Additionally, Transtelco has no intention to make any scheduled payments of interest or principal on the Notes not purchased in the Offer.
  • It offers Dedicated Internet Access, Long-Haul & Metro Transport, Colocation and Telephony services to global telecom carriers and blue-chip enterprise customers.

Maxcom Telecomunicaciones announces that Transtelco Acquisition III today initiated a mandatory acquisition tender offer

Retrieved on: 
Friday, September 24, 2021
PIK, Internet access, Colocation, SAB, OTC, Issuer, Junior, Solution, Ley, Stock exchange, MEXICO, Metro Transport Sydney, Securities commission, Regulation, Senior, Mercado, Equity value, Acquisition, Company, Communication, City, Telecommunication, LMV, Telephony, Dedicated, BMV, Security (finance), Cryptocurrency, Risk management

MEXICO CITY, Sept. 24, 2021 /PRNewswire/ -- Maxcom Telecomunicaciones S.A.B. de C.V. (BMV: MAXCOM A, OTC: MXMTY) ("Maxcom" or the "Company") announces that Transtelco Acquisition III, S. de R.L. de C.V. (the "Offeror"), today initiated, in accordance with the Mexican Stock Exchange Act (Ley del Mercado de Valores or "LMV") and the General Regulations for Issuers and Other Participants of the Stock Exchange (Disposiciones de Carácter General Aplicables a Emisoras y a Otros Participantes del Mercado de Valores (the "Regulations") a mandatory acquisition tender offer (the "Equity Tender Offer") to acquire through Bolsa Mexicana de Valores, S.A.B. de C.V., S.A.B. de C.V., S.A.B. de C.V., up to all of the shares representing the capital stock of the Company, which represent 276'471,081 ordinary, nominative, without par value, subscribed and fully paid series "A" shares, at a purchase price of $2.20 (two Pesos 20/100, Mexican pesos), per share. 

Key Points: 
  • de C.V. (BMV: MAXCOM A, OTC: MXMTY) ("Maxcom" or the "Company") announces that Transtelco Acquisition III, S. de R.L.
  • The Notes Tender Offer and Consent Solicitation will remain in effect until October 21, 2021 unless extended at the request of Transtelco.
  • Furthermore, the successful conclusion of the Equity Tender Offer is conditioned upon the successful completion of the Notes Tender Offer and vice versa, among other conditions.
  • For more information on the Equity Tender Offer, the Notes Tender Offer, and the Consent Solicitation, please visit the Company's website: http://ri.maxcom.com/ .

Transtelco Holding, Inc. Announces Cash Tender Offer For Any And All Outstanding 8% Senior Secured Notes Due 2024 Of Maxcom Telecomunicaciones, S.A.B. de C.V. And Solicitation Of Consents To The Related Indenture

Retrieved on: 
Thursday, September 23, 2021
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Holders of Notes tendered after the Early Tender Date will not be eligible to receive the related Early Tender Premium.

Key Points: 
  • Holders of Notes tendered after the Early Tender Date will not be eligible to receive the related Early Tender Premium.
  • No additional consideration is payable for a consent in the Consent Solicitation but the Tender Offer Consideration for the Notes also constitutes consideration for the related consent.
  • Transtelco understands that Maxcom does not have the means to repay the amounts that will become due and payable under the Notes.
  • Holders of Notes who validly tender their Notes will be deemed to have validly delivered the related consents.

First Trust Cross-Lists an Additional ETF in Mexico

Retrieved on: 
Monday, August 23, 2021
Professional Services, Finance, Industry, Bolsa Institucional de Valores, Face, Certification, Judgement, Securities commission, Mexican Stock Exchange, Standard, Registro Nacional de Estrangeiros, Ley, Internal Revenue Code, Ticker, FINRA, ETF, Covered call, Marketing, Fund, Time, AIB (NI), KNG, ERISA, Investment, S&P, Risk, Respiratory disease, Internal Revenue Code section 409A, FTP, Prospectus, Adviser, CEO, S&P Global, Income, Â, COVID-19, Mercado, Security (finance), Public utility, Bank, Financial adviser

“In the past, equity investors who were seeking income had to choose between high dividend payers--which have historically delivered lower total returns with higher volatility, or dividend growers--which have historically delivered higher total returns but with lower dividend yields. We designed KNG with this dilemma in mind, targeting a level of income similar to that of high dividend payers, but with the potential for total returns and lower volatility expected of high-quality dividend growers,” said Karan Sood, CEO of Cboe Vest.

Key Points: 
  • First Trust Advisors L.P. (First Trust), a global ETF provider and asset manager, announced today that it has cross-listed an additional ETF on the Mexican stock exchange, the Bolsa Mexicana de Valores and/or the Bolsa Institucional de Valores.
  • As many institutional investors seek to invest within Mexico, First Trust is pleased to expand its offerings of ETFs.
  • We are pleased to expand our Mexico cross-listings to include the FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF.
  • First Trust, a federally registered investment advisor, and its affiliate First Trust Portfolios L.P. (FTP), a FINRA registered broker-dealer, are privately held companies that provide a variety of investment services.