Alestra Announces Expiration of its Exchange Offers, Cash Tender Offers, Consent Solicitation and Solicitation of Acceptances to a U.S. Prepackaged Plan of Reorganization.Business Editors MEXICO CITY--(BUSINESS WIRE)--Nov. 4, 2003 Alestra, S. de R.L. de C.V. ("Alestra") announces that its pending cash tender offers, exchange offers and consent solicitation Consent Solicitation A solicitation by one party to the stakeholders of a particular security for the consent of a material change. Notes: Should the majority of stakeholders provide valid consent prior to the consent expiry date, the issuer may then follow through with for all of its outstanding principal amount of its 12 1/8% Senior Notes due 2006 and 12 5/8% Senior Notes dues 2009 (the "offers") and its solicitation of acceptances to a U.S. prepackaged pre·pack·age tr.v. pre·pack·aged, pre·pack·ag·ing, pre·pack·ag·es To wrap or package (a product) before marketing. Adj. 1. plan of reorganization will expire at 11:59 p.m. tonight, November 4, 2003. As of the date of this press release, approximately $233 million principal amount of Alestra's outstanding 12 1/8% Senior Notes Due 2006 have been tendered in the offers and approximately $254 million principal amount of Alestra's outstanding 12 5/8% Senior Notes Due 2009 have been tendered in the offers. These amounts in the aggregate represent approximately 85.4% of the existing senior notes. The offers are conditioned upon receipt of valid tenders representing at least 85% in aggregate of the existing senior notes. On October 31, 2003, a hearing was held before the United States District Court United States District Court In the U.S., any of the 94 trial courts of general jurisdiction in the federal judicial system. Each state, as well as the District of Columbia and the Commonwealth of Puerto Rico, has at least one federal district court. for the Southern District of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of (Wood, J.) for a motion by W.R.H. Global Securities Pooled Trust ("Huff huff - To compress data using a Huffman code. Various programs that use such methods have been called "HUFF" or some variant thereof. Opposite: puff. Compare crunch, compress. ") for a second preliminary injunction A temporary order made by a court at the request of one party that prevents the other party from pursuing a particular course of conduct until the conclusion of a trial on the merits. A preliminary injunction is regarded as extraordinary relief. to enjoin To direct, require, command, or admonish. Enjoin connotes a degree of urgency, as when a court enjoins one party in a lawsuit by ordering the person to do, or refrain from doing, something to prevent permanent loss to the other party or parties. Alestra from continuing the offers and to require Alestra to resolicit all holders for their consent to the offers. The court denied Huff's motion, holding, among other things, that Huff had not demonstrated a likelihood of success on the merits on the merits adj. referring to a judgment, decision or ruling of a court based upon the facts presented in evidence and the law applied to that evidence. A judge decides a case "on the merits" when he/she bases the decision on the fundamental issues and considers of its underlying claims. You may obtain copies of Alestra's prospectus, prospectus supplements and transmittal documents for the offers and the solicitations from the Information Agent: D.F. King & Co., Inc., 48 Wall Street, New York, New York, 10005. Banks and brokers call collect: (212) 269-5550. All others call toll free: (800) 549-6697. This announcement and the cash tender offers, exchange offers, and consent solicitations which are the subject hereof are not being made in any jurisdiction in which, or to any person to whom, it is unlawful to make such announcement and/or cash tender offers, exchange offers and consent solicitations under applicable securities laws. This release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall any sale of these securities in Mexico or in any U.S. state A U.S. state is any one of the fifty subnational entities of the United States, although four states use the official title "commonwealth". The separate state governments and the federal government share sovereignty, in that an American is a citizen both of the federal entity and or territory in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of Mexico and any such U.S. state or territory. This announcement shall not under any circumstances create any implication that the information contained herein is correct as of any time subsequent to the date hereof, or that there has been no change in the information set forth herein or in the affairs of Alestra or any of its affiliates since the date hereof. No indications of interest in the offers are sought by this press release. Alestra is a leading provider of competitive telecommunications services In telecommunication, the term telecommunications service has the following meanings: 1. Any service provided by a telecommunication provider. 2. in Mexico that it markets under the AT&T brand name and carries on its own network. Alestra offers domestic and international long distance services, data and internet services and local services. Any questions regarding the cash tender offers, exchange offers, the consent solicitations and the solicitation of acceptances to a U.S. prepackaged plan of reorganization may be addressed to Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. as
dealer manager for this transaction at the following number:
THE FOLLOWING LEGENDS ARE INCLUDED AT THE REQUEST OF THE COMISION NACIONAL BANCARIA Y DE VALORES OF MEXICO FOR THE BENEFIT OF MEXICAN INVESTORS: THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS THE EXCLUSIVE RESPONSIBILITY OF ALESTRA, S. DE R.L. DE C.V. AND DOES NOT REQUIRE THE AUTHORIZATION FROM THE COMISION NACIONAL BANCARIA Y DE VALORES. THE REGISTRATION IN THE SECCION ESPECIAL es·pe·cial adj. 1. Of special importance or significance; exceptional: an occasion of especial joy. 2. OF THE REGISTRO NACIONAL DE VALORES KEPT BY THE COMISION NACIONAL BANCARIA Y DE VALORES, DOES NOT IMPLY A CERTIFICATION AS TO THE QUALITY OF THE SECURITIES OR THE SOLVENCY OF ALESTRA, S. DE R.L. DE C.V. THE SECURITIES BEING OFFERED BY THE PROSPECTUS MENTIONED ABOVE, HAVE NOT BEEN REGISTERED IN THE SECCION DE VALORES OF THE REGISTRO NACIONAL DE VALORES, THUS MAY NOT BE PUBLICLY OFFERED OR EXCHANGED IN MEXICO. MEXICAN INVESTORS WHO ACQUIRE THESE SECURITIES OUTSIDE OF MEXICO, DO SO ON THEIR OWN RESPONSIBILITY. |
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