Le Lézard
Classified in: Transportation, Business
Subject: TNM

Mexico City Airport Trust Announces Amendments To Its Cash Tender Offers And Consent Solicitations


MEXICO CITY, Dec. 11, 2018 /PRNewswire/ -- Mexico City Airport Trust ("MEXCAT") announces amendments to its previously announced tender offers and consent solicitations after considering responses by noteholders and other interested parties.  The new terms of the offers give effect to certain enhancements for the benefit of holders of the notes subject to the offers (the "Notes").

The principal changes proposed by MEXCAT are summarized as follows:

Holders who previously submitted tenders and/or delivered consents and who wish to continue to participate in the offers do not need to take any action. Holders who wish to withdraw may do so by following the procedures described in the Offer to Purchase and Consent Solicitation Statement, dated December 3, 2018. 

The Dutch auction clearing price has now been fixed for each series of Notes and bids are no longer required.  The early tender consideration is equal to US$1,000 per US$1,000 principal amount, which includes US$50 per US$1,000 principal amount representing the early tender payment and the consent payment for Notes that are tendered prior the early tender/consent deadline and accepted for purchase.

The complete terms and conditions of the amended tender offers and consent solicitations are set forth in MEXCAT's Amended and Restated Offer to Purchase and Consent Solicitation Statement (the "Amended Statement") and in the related Amended and Restated Letter of Transmittal and Consent (the "Amended Letter of Transmittal"), in each case dated today.

MEXCAT has engaged Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and J.P. Morgan Securities LLC to act as dealer managers for the tender offers and as solicitation agents for the consent solicitations (the "Dealer Managers"). Global Bondholder Services Corporation is acting as the depositary and information agent for the Offers.  Any questions or requests for assistance regarding the Offers may be directed to Citigroup Global Markets Inc. at +1 (800) 558-3745 (toll free) and +1 (212) 723-6106 (collect), HSBC Securities (USA) Inc. at +1 (888) HSBC-4LM (toll free) and +1 (212) 525-5552 (collect) and J.P. Morgan Securities LLC at +1 (866) 846-2874 (toll free) and +1 (212) 834-7316 (collect).  Requests for additional copies of the Amended Statement, the Amended Letter of Transmittal and related documents may be directed to Global Bondholder Services Corporation at +1 (212) 430-3774 (Banks and Brokers) and +1 (866) 470-4500 (Toll-free).

The tender offers and consent solicitations are not being made to holders of Notes in any jurisdiction in which MEXCAT is aware that the making of the tender offers and consent solicitations would not be in compliance with the laws of such jurisdiction.  In any jurisdiction in which the securities laws or blue sky laws require the tender offers and consent solicitations to be made by a licensed broker or dealer, the respective tender offers and consent solicitations will be deemed to be made on MEXCAT's behalf by the Dealer Managers or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction. 

THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT AN OFFER TO PURCHASE, A SOLICITATION OF AN OFFER TO PURCHASE OR A SOLICITATION OF CONSENT WITH RESPECT TO ANY SECURITIES. THE OFFERS ARE BEING MADE SOLELY PURSUANT TO THE AMENDED STATEMENT AND RELATED AMENDED LETTER OF TRANSMITTAL, WHICH SET FORTH THE COMPLETE TERMS OF THE TENDER OFFERS AND CONSENT SOLICITATIONS WHICH HOLDERS OF THE NOTES SHOULD CAREFULLY READ PRIOR TO MAKING ANY DECISION.

Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements are information of a non-historical nature or which relate to future events and are subject to risks and uncertainties. No assurance can be given that the transactions described herein will be consummated or as to the ultimate terms of any such transactions.  MEXCAT undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or future events or for any other reason.

SOURCE Mexico City Airport Trust


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