Mexico's Maxcom Mulls Prepackaged Ch. 11 With Creditors

Law360, New York (June 18, 2013, 4:03 PM EDT) -- Mexico's Maxcom Telecomunicaciones SAB said Tuesday it's eyeing a prepackaged Chapter 11 in the U.S. as a possible key to new capital and reorganization, following a private equity firm's failed takeover and news that Maxcom will delay paying $11 million in interest on outstanding senior debt.

The telecommunications company is mulling bankruptcy proceedings and a possible takeover as part of restructuring and recapitalization agreements, Maxcom said in a statement on Tuesday. The company missed an $11 million interest payment due Monday related to 11 percent senior...
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