Axtel’s $75 Million Capped Tender Offer

January 17, 2023

Cleary Gottlieb is representing HSBC (Securities) Inc. and Scotia Capital (USA) Inc., as dealer managers, in a tender offer by Axtel S.A.B. de C.V. (Axtel) to purchase for cash up to $75 million aggregate principal amount of its outstanding 6.375% senior notes due 2024.

The offer launched on January 17, 2023, and includes an early tender period ending on January 30, 2023. The offer will expire on February 13, 2023.

Axtel is a leading Mexican integrated information and communications technology services company that offers information and communications technology solutions to the enterprise segment, financial institutions, and wholesale customers, and to government entities. Axtel is currently undergoing a partial spin-off from former parent company Alfa S.A.B. de C.V., which is in the process of contributing all of its shareholding in the company to Controladora Axtel S.A.B. de C.V., a company which will be listed on the Mexican Stock Exchange.