Mexico's Iusacell calls its $110.69 million of 9% senior secured notes

By Ashley Montgomery

Kansas City, Kan., Oct. 31 - Grupo Iusacell, SA de CV issued a redemption notice for all $110,693,527 of its outstanding 9% senior secured notes due 2017.

The notes will be redeemed at par plus interest to the redemption date, along with a restructuring payment of $50.25 per each $1000 in principal that a holder holds on the redemption date.

The redemption date is Nov. 30.

U.S. Bank, NA is the agent.

Iusacell is a cellphone company based in Mexico City.

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