—The refinancing is equivalent to 90% of
the original Senior Notes issuance, confirming the
confidence of Total Play´s investors in its solid financial
prospects—
MEXICO
CITY, April 19, 2024 /PRNewswire/ -- Total
Play Telecomunicaciones, S.A.P.I. de C.V. ("Total Play"), a
leading telecommunications company in Mexico, which offers internet access, pay
television and telephony services, through one of the largest 100%
fiber optic networks in the country, announced today that it has
successfully concluded an agreement to refinance US$519 million of its US$575 million senior notes due 2025, into new
Senior Notes due 2028.
The amount refinanced is the sum of the private exchange of
US$213.5 million of the Senior Notes
due 2025, announced last February, and the amount accepted from the
exchange offer for US$305.5 million
from the remaining US$361.5 million
of such notes, concluded today.
The US$519 million refinancing is
equivalent to 90% of the total amount of the Senior Notes due in
2025. This extension significantly lengthens the company's debt
profile.
The refinancing is a clear indicator of the financial markets'
confidence in the company's commitment to boost its capital
structure and further enhance its firm financial outlook.
About Total Play
Total Play is a leading Triple Play provider in Mexico that, thanks to the widest
direct-to-home fiber optic network in the country, offers
entertainment and technologically advanced services with the
highest quality and speed in the market. For the latest news and
updates about Total Play, visit: www.totalplay.com.mx.
Total Play is a Grupo Salinas company (www.gruposalinas.com), a
group of dynamic, fast-growing, and technologically advanced
companies focused on creating economic value through market
innovation and goods and services that improve standards of living;
social value to improve community well-being; and environmental
value by reducing the negative impact of its business activities.
Created by Mexican entrepreneur Ricardo B.
Salinas (www.ricardosalinas.com), Grupo Salinas operates as
a management development and decision forum for the top leaders of
member companies. Each of the Grupo Salinas companies operates
independently, with its own management, board of directors, and
shareholders. Grupo Salinas has no equity holdings. The group of
companies shares a common vision, values, and strategies for
achieving rapid growth, superior results, and world-class
performance.
Except for historical information, the matters discussed in
this press release are concepts about the future that involve risks
and uncertainty that may cause actual results to differ materially
from those projected. Other risks that may affect Total Play and
its subsidiaries are presented in documents sent to the securities
authorities.
Investor
Relations:
|
|
|
Bruno
Rangel
|
Rolando
Villarreal
|
+ 52 (55) 1720
9167
|
+ 52 (55) 1720
9167
|
jrangelk@totalplay.com.mx
|
rvillarreal@totalplay.com.mx
|
|
|
Press
Relations:
|
|
|
Luciano Pascoe
|
Tel. +52 (55) 1720 1313
ext. 36553
|
lpascoe@gruposalinas.com.mx
|
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content:https://www.prnewswire.com/news-releases/total-play-successfully-concludes-agreement-to-refinance-us519-million-of-its-us575-million-senior-notes-due-in-2025-extending-its-maturity-to-2028-302122146.html
SOURCE Total Play Telecomunicaciones, S.A.P.I. de C.V.