Maxcom leaves bankruptcy with cheaper, longer bond

By Francesca Young
17 Oct 2013

Bondholders in Mexican telco Maxcom received their new lower yielding, longer dated bonds this week after the company emerged from bankruptcy on October 11.

With the company boasting cheaper debt and greater equity, some bondholders are bullish about its recovery prospects.

Private equity firm Ventura Capital Privado has injected $45m of equity capital into the company, which has replaced its $200m 11% bonds due 2014 with bonds due 2020 paying 6% until ...

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