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Maxcom Telecomunicaciones has announced that Transtelco Holding, Inc. has extended the Early Tender Date and the Expiration Date for its cash tender offer to purchase outstanding 8% Senior Secured Notes due 2024. The tender offer, part of a larger acquisition deal, is now set to expire on November 5, 2021, with an expected closing date on November 10, 2021. This extension aims to satisfy specific closing conditions related to the acquisition of at least 85% of Maxcom's capital stock by Transtelco. For more details, visit Maxcom's website.
Maxcom Telecomunicaciones has announced an extension of its mandatory tender offer by Transtelco Acquisition III for all shares of Maxcom. The offer has been extended to November 5, 2021, starting from September 24, 2021, with a purchase price of $2.20 per share. The completion of this tender offer is contingent upon the successful execution of a cash tender offer for outstanding 8% Senior Secured Notes due 2024. Maxcom emphasizes its commitment to stakeholder communication throughout this process.
Maxcom Telecomunicaciones announces a mandatory acquisition tender offer initiated by Transtelco Acquisition III to buy up to 276,471,081 shares at $2.20 per share. The offer period is expected to last 20 business days, concluding on October 21, 2021. Additionally, Transtelco has launched a Notes Tender Offer for the 8% Senior Secured Notes due 2024, which is also linked to the success of the equity offer. If both offers succeed, it could enhance Maxcom's financial viability; otherwise, the company may consider reorganization options.
Maxcom Telecomunicaciones announced it will not make the semi-annual interest payment on its 8% Senior Secured Notes due 2024, citing liquidity challenges exacerbated by the pandemic and a dispute with tax authorities. This decision is aimed at preserving cash for operating activities and ensuring business continuity. The company is exploring strategic solutions and financial alternatives to maintain its value proposition for stakeholders while committing to transparent communication with investors.
Maxcom Telecomunicaciones announced it will not pay the semi-annual interest of USD$2.3 million on its 8% Senior Secured Notes due 2024, which was due on April 26, 2021. The company is facing liquidity challenges due to the pandemic and ongoing disputes with Mexican tax authorities. Maxcom is exploring strategic financial alternatives to enhance its long-term value proposition while working to meet its financial obligations. The company emphasizes its commitment to maintaining communication with stakeholders.
