Case Background

On August 19, 2019, Maxcom USA Telecom, Inc. and its affiliated debtor, Maxcom Telecomunicaciones, S.A.B. de C.V. (collectively, the "Debtors"), each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York.  The cases are jointly administered under Case No. 19-23489.

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Antecedentes del Caso

El 19 de agosto del 2019, Maxcom USA Telecom, Inc. y su deudor afiliado, Maxcom Telecomunicaciones, S.A.B. de C.V. (en conjunto, los "Deudores") solicitaron voluntariamente el Capítulo 11 del código de bancarrota de los EEUU en el distrito sur de Nueva York. Los Deudores han solicitado que sus casos sean administrados de manera conjunta bajo el Caso Núm. 19-23489

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Exchange Offer

Prior to the filing of the petition, Maxcom Telecomunicaciones, S.A.B. de C.V. commenced an offer to eligible holders to exchange any and all of its outstanding Step-Up Senior Notes due 2020 (ISIN: US57773AAL61; Common Code: 098348964; CUSIP: 57773AAL6) for its new 8.00% senior secured notes due 2024, its junior payment-in-kind notes and cash. In conjunction with the exchange offer, the Company conducted a consent solicitation with respect to certain proposed amendments to the indenture governing the old notes.  For information relating to the exchange offer, please click here.

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Oferta de Intercambio

Antes de solicitar el Capítulo 11, Maxcom Telecomunicaciones, S.A.B. de C.V., efectuó una oferta, a tenederos eligibles, de intercambiar cualquier y hasta la totalidad de sus bonos garantizados Step-Up Senior Notes con vencimiento en 2020 (ISIN: US57773AAL61; Common Code: 098348964; CUSIP: 57773AAL6) para sus nuevos bonos garantizados senior con vencimiento en 2024, bonos junior con pago de intereses en especie y efectivo. En conjunto con la oferta de intercambio, la Compañía llevó a cabo una solicitación consensuada al respecto de ciertas modificaciones al contrato que gobierna los bonos viejos garantizados. Para información relacionada a la oferta de intercambio, haga click acá.

Important Information & Dates

Plan and Disclosure Statement

On August 19, 2019, the Debtors filed their Plan of Reorganization and the Disclosure Statement related thereto.  The Bankruptcy Court will hold a combined hearing to consider the adequacy of the Disclosure Statement and confirmation of the joint Plan on September 17, 2019 at 2:00 p.m. (ET) at the Bankruptcy Court for the Southern District of New York, 300 Quarropas St., White Plains, NY 10601.  To view copies of the Plan & Disclosure Statement documents, click on the link below:

Plan & Disclosure Statement

 

First Day Motions and Orders

A hearing on the Debtors' First Day Motions was held on August 20, 2019.  Please click below to view and download the Debtors' First Day Motions and First Day Orders:

First Day Motions

First Day Orders

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Información Importante y Fechas

La audición del "Primer Dia" de los Deudores fue realizada agosto 20, 2019. Haga click abajo para ver y descargar las solicitudes del "Primer Dia" de los Deudores.

Moción Primer Día

Orden del Primer Día

Dates

August
19

Petition Date

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August
20

First Day Hearing

3:00 P.M. (ET)
September
17

Confirmation Hearing

2:00 P.M. (ET)
August
19
___
September
17
2:00 P.M. (ET)

Final Hearing on Certain First Day Motions

Parties

Debtors' Counsel

Paul Hastings LLP

200 Park Avenue
New York, NY   10166
https://www.paulhastings.com
Pedro A. Jimenez

Debtors' Restructuring Advisors

Alvarez & Marsal Mexico

Montes Urales 505, PB
Col. Lomas de Chapultepec
CP 11000, Mexico   D.F.
https://www.alvarezandmarsal.com
Phone: 52 (55) 5596 2543
Floris B. Iking
Jorge L. Moreno Felix
Pablo Lopez Navarro

United States Trustee and Court Information

Office of the United States Trustee

U.S. Federal Office Building
201 Varick Street, Suite 1006
New York, NY   10014
http://www.usdoj.gov/ust/r02
Phone: 212.510.0500
Fax: 212.668.2255


United States Bankruptcy Court

Southern District of New York
300 Quarropas Street, Room 248
White Plains, NY   10601
http://www.nysb.uscourts.gov
Phone: (914) 467-7250


Debtors

Case Number
Debtor Name
Petition Date
19-23489 Maxcom USA Telecom, Inc. August 19, 2019
19-23491 Maxcom Telecomunicaciones, S.A.B. de C.V. August 19, 2019