TMCnet News

MexCAT Ad Hoc Bondholder Group Statement
[December 17, 2018]

MexCAT Ad Hoc Bondholder Group Statement


The ad hoc group of holders of bonds issued by the Mexico City Airport Trust ("MexCAT") represented by Hogan Lovells and Houlihan Lokey (the "MexCAT Ad Hoc Bondholder Group") is encouraged that the Ministry of Finance stated last night that in the event that the amended and restated tender offer and consent solicitation dated December 11, 2018 (the "Amended Proposal") is not successful, the Mexican Government and MexCAT are open to considering alternatives.

The MexCAT Ad Hoc Bondholder Group strongly believes that its recommended improvements to the Amended Proposal that were communicated to reprsentatives of MexCAT are critical to ensuring that the expectations of long term investors in Mexican infrastructure projects are not compromised. In particular, the MexCAT Ad Hoc Bondholder Group believes that any bonds that are not retired should have a degree of collateral that is consistent with that contemplated by the original bond offering. The MexCAT Ad Hoc Bondholder Group continues to look forward to a constructive dialogue with MexCAT.



The international law firm Hogan Lovells, including partners Ron Silverman (New York) and Federico De Noriega (Mexico City), and Houlihan Lokey, have been retained as advisors for the MexCAT Ad Hoc Bondholder Group. To contact Houlihan Lokey please email [email protected].



[ Back To TMCnet.com's Homepage ]