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Mexico’s Invercap gets another waiver for notes’ debt service ratio
By Susanna Moon
Chicago, Oct. 5 – Invercap Holdings, SAPI de CV said noteholders executed a waiver agreement on Sept. 29 for its $63,062,000 16% series 1 senior notes due 2016 and its $129,987,000 18% series 2 senior notes due 2016.
Holders agreed to waive compliance with the required debt service ratio covenant for the fiscal quarter ending Sept. 30, according to a company notice.
As announced Dec. 30, 2015, noteholders also agreed to waive the required debt service ratio for the fiscal quarter ending Dec. 31.
The Bank of New York Mellon is the fiscal agent, and the Bank of New York Mellon, London Branch is the paying agent.
Invercap is a Mexico-based financial company.
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