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On November 5, 2021, Maxcom Telecomunicaciones announced the results of a cash tender offer by Transtelco Holding, which successfully acquired approximately 94.96% of Maxcom's 8% Senior Secured Notes due 2024. The offer expired on the same day, with US$53,993,665 tendered. Additionally, Maxcom's 95.55% of Series 'A' shares were acquired, indicating a change of control and triggering an estimated US$7.6 million payment for Junior PIK Notes holders. This successful outcome strengthens Maxcom's financial viability and operational continuity.
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 updates investors regarding a tender offer from Transtelco Acquisitions for its shares. Following a Master Lease Agreement with MXT Eagle Towers, Maxcom must notify MXT of a potential change of control resulting from this offer. If the offer succeeds, MXT could terminate the agreement and trigger substantial penalties for Maxcom. Transtelco is in negotiations with MXT, which currently do not negatively affect the offering process. Maxcom emphasizes its commitment to transparency with stakeholders.
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