MIAMI, June 17, 2021 / PRNewswire / – Alpha Holding, SA de CV, (“AlphaCredit” or the “Company”), a leading technology-enabled financial services company, announced today that the company has decided to grant a 30-day grace period with respect to the $ 15 million Interest payment due on June 19, 2021 in relation to its 10.0% Senior Secured Notes (the “Bonds”) due in 2022.
As a result, the company will not make the coupon payment scheduled on June 19, 2021. An ad hoc group of holders of more than 50% of the nominal amount of the Notes (the “Ad Hoc Group”) has been formed and has appointed financial and legal advisors to be in dialogue with the Company. The company expects to use the 30-day grace period to continue discussions with the ad hoc group and its advisors.
About AlphaCredit ©
Alpha credit© is a technology-oriented financial services company in Latin America the consumer loans to individuals and financial solutions for SMEs in Mexico and Colombia.
This press release contains “forward-looking statements”. Forward-looking statements are not statements of historical fact and reflect the company’s current views about future events. The words “believe”, “estimate”, “expect”, “anticipate”, “project”, “will”, “intend”, “seek”, “could”, “should”, “may”, “potentially” and Similar expressions are intended to identify forward-looking statements. The absence of these words does not mean that the statements are not forward-looking. Although the company believes that its expectations reflected in forward-looking statements are reasonable and based on reasonable assumptions, certain risks and uncertainties could cause actual results to differ materially from the projections, expected results, or other expectations contained in this press release. These risks and uncertainties include, without limitation, risks related to our ongoing creditor meetings, including our ability to negotiate arrangements with our creditors on economically favorable terms or at all, restrictions on capital availability, volatility in the Company’s business, and our ability to meet its financial and other covenants and to adhere to key figures in its financing agreements. Any forward-looking statement speaks only as of the date on which such a statement is made, and the company assumes no obligation to update or revise any forward-looking statements made herein or any other forward-looking statements by the company, whether as a result of new information, future events or for other reasons. This announcement constitutes neither an offer to sell nor a solicitation of an offer to buy any securities.
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