{"id":19640,"date":"2024-05-02T19:21:30","date_gmt":"2024-05-03T00:21:30","guid":{"rendered":"https:\/\/www.nhg.mx\/case\/nhg-advised-total-play-3\/"},"modified":"2024-05-02T19:21:30","modified_gmt":"2024-05-03T00:21:30","slug":"nhg-advised-total-play-3","status":"publish","type":"osetin_case","link":"https:\/\/www.nhg.mx\/es\/case\/nhg-advised-total-play-3\/","title":{"rendered":"The firm advised Total Play"},"content":{"rendered":"<p>Total Play Telecomunicaciones, S.A.P.I. de C.V. (\u201cTotal Play\u201d), provider of triple play services in Mexico, successfully conducted an exchange offer in the international markets of its outstanding 7.500% Senior Notes due 2025 (the \u201cExisting Notes\u201d) for newly issued 10.500% Senior Secured Notes due 2028 (the \u201cNew Notes\u201d) for an aggregate principal amount of USD$305.5 million. This international exchange was made on a private placement basis in reliance of Rule 144A and Regulation S under the U.S. Securities Act of 1933.<\/p>\n<p>The New Notes are secured and have a preferred and exclusive claim against Total Play\u2019s Master Trust in connection with a designated portfolio of receivables originated by Total Play. The collateral for the New Notes consists of (i) a debt service reserve account in New York, and (ii) an Irrevocable Trust in Mexico entitled to receive cashflows related to the designated portfolio of receivables under Total Play\u2019s Master Trust. The Bank of New York Mellon acted as indenture trustee and collateral agent for the benefit of the noteholders of the New Notes.<\/p>\n<p>This was Total Play\u2019s first exchange offer in the international markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Total Play Telecomunicaciones, S.A.P.I. de C.V. (\u201cTotal Play\u201d), provider of triple play services in Mexico, successfully conducted an exchange offer in the international markets of its outstanding 7.500% Senior Notes due 2025 (the \u201cExisting Notes\u201d) for newly issued 10.500% Senior Secured Notes due 2028 (the \u201cNew Notes\u201d) for an aggregate principal amount of USD$305.5 million. [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":19641,"template":"","tags":[],"case_category":[670],"class_list":["post-19640","osetin_case","type-osetin_case","status-publish","has-post-thumbnail","hentry","case_category-fusiones-y-adquisiciones"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.nhg.mx\/es\/wp-json\/wp\/v2\/osetin_case\/19640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nhg.mx\/es\/wp-json\/wp\/v2\/osetin_case"}],"about":[{"href":"https:\/\/www.nhg.mx\/es\/wp-json\/wp\/v2\/types\/osetin_case"}],"author":[{"embeddable":true,"href":"https:\/\/www.nhg.mx\/es\/wp-json\/wp\/v2\/users\/24"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nhg.mx\/es\/wp-json\/wp\/v2\/media\/19641"}],"wp:attachment":[{"href":"https:\/\/www.nhg.mx\/es\/wp-json\/wp\/v2\/media?parent=19640"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nhg.mx\/es\/wp-json\/wp\/v2\/tags?post=19640"},{"taxonomy":"case_category","embeddable":true,"href":"https:\/\/www.nhg.mx\/es\/wp-json\/wp\/v2\/case_category?post=19640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}