Maxcom Tender Falls Short

Maxcom Tender Falls Short

Mexico Corporate & Sovereign Strategy Equity

Maxcom Telecomunicaciones has failed to meet minimum requirements for the completion of a debt and equity buyback, it says, and will cancel the offer and seek other options, including bankruptcy. The Mexican telecom, counting on the process to meet an interest payment and complete a takeover by private equity investors, had received acceptance from 62% of holders of its 11% 2014 bonds and 45% of the stock as of Wednesday's deadline. It had offered bondholders new 2020 bonds paying 7.0% during th

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