Mexico’s Invercap extends 16% notes, 18% notes due 2016 until April 28

By Susanna Moon

Chicago, Dec. 15 – Invercap Holdings, SAPI de CV said it amended its $63,062,000 16% series 1 senior notes due 2016 and its $129,987,000 18% series 2 senior notes due 2016.

As a result, the maturity was pushed out until April 28, 2017, according to a company notice.

Noteholders and Invercap executed an amendment to the notes on Dec. 6, the release noted.

As announced Oct. 5, holders previously agreed to waive compliance with the required debt service ratio covenant for the fiscal quarters ending Sept. 30 and Dec. 31, 2015.

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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