Maxcom Credit Report

20 June 2019

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On 18 June, Maxcom announced an offer to holders of the 2020 step-up notes to exchange the bonds for new 8% senior secured notes due 2024, junior payment-in-kind (PIK) notes, and cash.

By a 28 June early participation deadline, consideration for each USD 1,000 of principal amount of 2020 notes consists of (i) USD 550 of 2024 senior notes, (ii) USD 100 of PIK notes, and (iii) USD 110 in cash. For tenders made after the early participation date and through the 15 July final deadline, the cash consideration is lowered to USD 100, with the rest of the terms remaining the same.