Intcomex to redeem some 11¾% notes with IPO proceeds

By Jennifer Chiou

New York, July 27 - Intcomex announced plans to redeem or repurchase a portion of its 11¾% second-priority senior secured notes due 2011 using proceeds from a proposed initial public offering of stock.

The Miami-based distributor of information technology products to Latin America and the Caribbean filed an S-1 with the Securities and Exchange Commission on Friday for its proposed IPO.

Remaining proceeds will go towards general corporate purposes.

Intcomex noted that it will not receive any proceeds from the sale of shares by the selling stockholder, Citigroup Venture Capital International.

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