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Maxcom Announces Second Supplement To Exchange Offer

Stocks in this article: MXT

MEXICO CITY, March 7, 2013 /PRNewswire/ -- (NYSE: MXT, BMV: MAXCOM.CPO) – Maxcom Telecomunicaciones, S.A.B. de C.V.  ("Maxcom" or the "Company") today announced that on March 4, 2013 it further amended and supplemented the pending exchange offer (the "Exchange Offer") for any and all of its outstanding 11% Senior Notes due 2014 (the "Old Notes") for its Step-Up Senior Notes due 2020 (the "New Notes"). 

The Company is further amending and supplementing the Exchange Offer in order to (i) add an obligation that the Company make an offer to repurchase the New Notes at 85% of the principal amount of the New Notes with a portion of the capital contribution it receives from shareholders exercising their preemptive rights in connection with the capital contribution of approximately US$45 million by the purchaser of the Company in connection with the equity tender offer for Maxcom's Series A Common Stock and related CPOs and ADSs and (ii) clarify the obligation and timing of the US$45 million capital contribution to Maxcom.

The complete terms and conditions of the Exchange Offer and consent solicitation are described in the Offering Memorandum and Consent Solicitation Statement, copies of which may be obtained by eligible holders of the Old Notes by contacting D.F. King & Co., Inc., the information agent for the Exchange Offer and consent solicitation, at (800) 967-4607 (toll free).

The New Notes have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements, and will therefore be subject to substantial restrictions on transfer.

The Exchange Offer is being made, and the New Notes are being offered and issued, only to registered holders of Old Notes (i) in the United States who are "qualified institutional buyers," as that term is defined in Rule 144A under the Securities Act and (ii) outside the United States and are persons who are not "U.S. persons," as that term is defined in Rule 902 under the Securities Act.

This announcement is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy the New Notes nor an offer to purchase Old Notes nor a solicitation of consents.  The Exchange Offer and consent solicitation is being made solely by means of the Offering Memorandum and Consent Solicitation Statement and Letter of Transmittal.

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