Alfa de CV : Axtel announces prepayment of bank loan for 4,350 million pesos
December 21, 2018 at 12:35 pm EST
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December 21, 2018
Axtel announces prepayment of bank loan for 4,350 million pesos
San Pedro Garza Garcia, N.L., Mexico; December 21, 2018 - ALFA, S.A.B. de C.V. (ALFA), announced today that its subsidiary Axtel, S.A.B. de C.V. (BMV: AXTELCPO) ('Axtel' or the 'Company'), a Mexican Information and Communication Technology (ICT) company, announced today the partial prepayment of a bank loan for 4,350 million pesos with resources from the divestment of its fiber mass market business announced on December 17 of this year. The balance of this loan was reduced 73%, from 5,920 million pesos to 1,570 million pesos.
'The prepayment of the bank loan helps reduce the leverage ratio and financial expenses of the Company,' said Adrián de los Santos, CFO of Axtel. 'We will continue working and searching for other alternatives to further improve Axtel's capital structure.'
About AXTEL
Axtel is a Mexican Information and Communication Technology Company that serves the enterprise, government and residential markets with a robust portfolio of solutions through its brand Alestra (enterprise and government services) and its brand Axtel (residential and small businesses services). With a network infrastructure of over 40 thousand kilometers of fiber and approximately 7 thousand square meters of data center space, Axtel enables organizations to be more productive and brings people together to improve their quality of life. As of February 15, 2016, Axtel is a subsidiary of Alfa, which owns 52.8% of its equity. Axtel's shares, represented by Ordinary Participation Certificates (CPO's), trade on the Mexican Stock Exchange under the symbol 'AXTELCPO' since 2005.
About ALFA
ALFA is a holding company that manages a portfolio of diversified subsidiaries: Sigma, a leading multinational refrigerated food company, focused on the production, marketing and distribution of quality foods through recognized brands in Mexico, Europe, United States and Latin America. Alpek, one of the world's largest producers of polyester (PTA, PET and fibers), and the leader in the Mexican market for polypropylene, expandable polystyrene (EPS) and caprolactam. Nemak, a leading provider of innovative lightweighting solutions for the global automotive industry, specializing in the development and manufacturing of aluminum components for powertrain, structural components and for electric vehicles. Axtel, a provider of Information Technology and Communication services for the enterprise, government and mass market in Mexico. Newpek, an oil and gas exploration and production company with operations in Mexico and the United States. In 2017, ALFA reported revenues of Ps. 317,627 million (US $16.8 billion), and EBITDA of Ps. 38,312 million (US $2.0 billion). ALFA's shares are quoted on the Mexican Stock Exchange and on Latibex, the market for Latin American shares of the Madrid Stock Exchange.
Contact:
Luis Ochoa Reyes
Vice President, Corporate Communications
ALFA, S.A.B. de C.V.
+52 (81) 8748-25211
lochoa@alfa.com.mx
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Alfa SAB de CV published this content on 21 December 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 21 December 2018 17:34:05 UTC
Alfa SAB de CV is a Mexico-based holding company, which manages a portfolio of diversified subsidiaries. Its portfolio includes Sigma, a producer, marketer and distributor of foods under a number of brands in Mexico, the United States, Europe and Latin America; Alpek, a producer of polyester, namely purified terephthalic acid (PTA), polyethylene terephthalate (PET) and fibers, and offers to the Mexican market expandable polystyrene (EPS) and caprolactam, among others; Nemak, a provider of lightweighting solutions for automotive industry and specialized in the development and manufacturing of aluminum components for powertrain and body structure; Axtel, a provider of information technology and communication services for enterprises, government and residential markets through its Alestra and Axtel brands, and Newpek, which is an oil and gas exploration and production company with operations in Mexico and the United States.
ALFA S.A.B. DE C.V. 
