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Clifford Chance advises CMI Energía on US$700 million green bond and US$300 million syndicated loan facility
April 28, 2021
Clifford Chance advises CMI Energía on US$700 million green bond and US$300 million syndicated loan facility
New York: Leading international law firm Clifford Chance has advised CMI Energía, the renewable energy business unit of agro-industrial conglomerate Corporación Multi Inversiones (CMI), on the refinancing of approximately US$1 billion in existing project finance debt owed by its subsidiaries in Guatemala, Honduras, Nicaragua, Costa Rica, El Salvador and the Dominican Republic.
The transaction involved a combination of (i) US$700 million 6.25% Senior Secured Notes due 2029 (the Notes) issued by Investment Energy Resources Limited (IERL), and (ii) a US$300 million loan (the Loan Facility) provided to IERL by a syndicate of Central American banks. Both the Notes and the Loan Facility are guaranteed by operating subsidiaries of IERL (the Guarantors)
Maxcom Telecomunicaciones S.A.B. de C.V. (B.M.V.: MAXCOM A, O.T.C.: MXMTY) (
Maxcom or the
Company ) announced today that in order to maximize its short-term financial flexibility the Company will not pay the semi-annual interest on its
8% Senior Secured Notes due 2024 ( the Notes ), payable on April 26, 2021. Interest accrued to date on this coupon amount to USD$2.3 million. Payment of the interest is subject to a 30 day grace period.
Maxcom s liquidity has been adversely affected by the pandemic as well as restricted access to capital sources resulting from a dispute with the Mexican tax authorities.
Maxcom is currently analyzing strategic solutions and financial alternatives that would allow the Company to consolidate its value proposition for the long term, comply as far as possible with its financial obligations and maximize the benefit for all its stakeholders.
Voyager Aviation Holdings, LLC: Voyager Announces Extension of Early Tender Date and Extension of its Previously Announced Exchange Offer and Consent Solicitation
Voyager or the
Company ), a leading global aviation investment firm and commercial aircraft leasing company, announced today that it has elected to extend each of the (i) early tender date for the Exchange Offer and In-Court Restructuring Vote Solicitations (as defined below) (as so extended, the
Early Tender Date ) and (ii) expiration time for the Exchange Offer and In-Court Restructuring Vote Solicitations (as so extended, the
Expiration Time ), from 11:59 p.m., New York City time, on April 26, 2021, to 11:59 p.m., New York City time, on May 3, 2021, each as further described below. As of 11:59 p.m., New York City time on April 26, 2021, holders of 98.49% of the outstanding principal amount of the Company s existing unsecured 8.500% Senior Notes due 2021 (the
Press release content from Business Wire. The AP news staff was not involved in its creation.
Voyager Announces Extension of Early Tender Date and Extension of its Previously Announced Exchange Offer and Consent Solicitation
April 27, 2021 GMT
Voyager Aviation Holdings, LLC (“
Voyager ” or the “
Company ”), a leading global aviation investment firm and commercial aircraft leasing company, announced today that it has elected to extend each of the (i) early tender date for the Exchange Offer and In-Court Restructuring Vote Solicitations (as defined below) (as so extended, the “
Early Tender Date ”) and (ii) expiration time for the Exchange Offer and In-Court Restructuring Vote Solicitations (as so extended, the “