Mexico’s Axtel offers to buy $75 million of 6 3/8% notes due 2024

Chicago, Jan. 17 – Axtel, SAB de CV started a tender offer for up to $75 million principal amount of its 6 3/8% senior notes due 2024 (Cusips: 05462GAJ3, P0606PAC9), according to a press release.

There are currently $402,223,000 of the notes outstanding.

Noteholders who tender by the early deadline will receive the total tender consideration of $863.75 per $1,000 note, inclusive of a $50 early tender payment that will not be paid to noteholders who tender their notes after the early deadline.

Interest will also be paid to the relevant payment date.

Tenders may be prorated.

The early deadline is 5 p.m. ET on Jan. 30, also the withdrawal deadline.

The tender offer will expire at 11:59 p.m. ET on Feb. 13.

Early settlement is planned for Feb. 1.

The final payment date will be soon after the final acceptance date.

HSBC Securities (USA) Inc. (212 525-5552, 888 HSBC-4LM) and Scotia Capital (USA) Inc. (212 225-5501, 800 372-3930) are the dealer managers for the tender offer.

D.F. King & Co., Inc. has been appointed as the tender agent and information agent (800 870-0653, 212 269-5550, axtel@dfking.com).

Axtel is a telecommunications company based in San Pedro Garza Garcia, Mexico.

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