Companies are Failing to Keep Their Overseas Subsidiary Reporting in Good ShapeLONDON - Companies across the globe are failing to maintain the required legislative and regulatory reporting requirements for their subsidiaries, according to TMF Group, (TMF) the world’s leading independent provider of accounting and corporate secretarial services and Computershare Governance Services (CGS), the leading subsidiary governance software supplier. Transtel Intermedia Announces Closing of Private Offer to Exchange and Solicitation of ConsentsCALI, Colombia - Transtel Intermedia S.A. (the “Company”) announced the closing of its (i) private offer to exchange, for each $100,000 of principal amount (excluding accrued but unpaid interest) of its outstanding 12% Senior Notes due 2016 (the “Existing Notes”), one of its units (the “New Units”), each New Unit consisting of either $100,000 principal amount of its unissued Senior Secured Amortizing Step-up Dollar Notes due 2016 (the “New Dollar Notes”) or the Peso-equivalent of $100,000 of principal amount of its unissued Senior Secured Amortizing Step-up Peso-Denominated Notes (payable in U.S. dollars) (the “New Peso Notes” and, together with the New Dollar Notes, the “New Notes”) and 100 warrants to purchase shares of its common stock (the “New Warrants,” and such private offer to exchange being the “Exchange Offer”), and (ii) solicitation of consents to (a) delist the Existing Notes from the Euro MTF, the alternative market of the Luxembourg Stock Exchange, (b) make certain amendments to documentation relating to (A) the indenture governing the Existing Notes, (B) the indenture governing the 12 1/2% Senior Secured Convertible Notes due 2008 (the “12 1/2% Secured Notes”), (C) the warrant agreement governing the warrants offered by the Company pursuant to the offer to exchange completed May 17, 2006, (D) the security documents relating to the Existing Notes and (E) certain other documentation relating to the Existing Notes (the “Consent Solicitation”), and (c) waive certain events of default relating to the Company’s 12 1/2% Secured Notes and the Existing Notes. Transtel Intermedia Announces Results and Acceptance of Private Offer to Exchange and Solicitation of ConsentsCALI, Colombia - Transtel Intermedia S.A. (the “Company”) today announced the results of its (i) private offer to exchange, for each US$100,000 of principal amount (excluding accrued but unpaid interest) of its outstanding 12% Senior Notes due 2016 (the “Existing Notes”), one of its units (the “New Units”), each New Unit consisting of either US$100,000 principal amount of its unissued Senior Secured Amortizing Step-up Dollar Notes due 2016 (the “New Dollar Notes”) or the Peso-equivalent of US$100,000 of principal amount of its unissued Senior Secured Amortizing Step-up Peso-Denominated Notes (payable in U.S. dollars) (the “New Peso Notes” and, together with the New Dollar Notes, the “New Notes”) and 100 warrants to purchase shares of its common stock (the “New Warrants”, and such private offer to exchange being the “Exchange Offer”), and (ii) solicitation of consents to (a) delist the Existing Notes from the Euro MTF, the alternative market of the Luxembourg Stock Exchange, (b) make certain amendments to documentation relating to (A) the indenture governing the Existing Notes, (B) the indenture governing the 12-1/2% Senior Secured Convertible Notes due 2008 (the “12-1/2% Secured Notes”), (C) the warrant agreement governing the warrants offered by the Company pursuant to the offer to exchange completed May 17, 2006, (D) the security documents relating to the Existing Notes and (E) certain other documentation relating to the Existing Notes (the “Consent Solicitation”), and (c) waive certain events of default relating to the Company’s 12-1/2% Secured Notes and the Existing Notes. Transtel Intermedia Issues Third Supplemental Offering Memorandum and Consent Solicitation StatementCALI, Colombia - Transtel Intermedia S.A. (the “Company”) today announced that it has amended the terms of its (i) private offer to exchange, for each US$100,000 of principal amount (excluding accrued but unpaid interest) of its outstanding 12% Senior Notes due 2016 (the “Existing Notes”), one of its units (the “New Units”), each New Unit consisting of either US$100,000 principal amount of its unissued Senior Secured Amortizing Step-up Dollar Notes due 2016 (the “New Dollar Notes”) or the Peso-equivalent of US$100,000 of principal amount of its unissued Senior Secured Amortizing Step-up Peso-Denominated Notes (payable in U.S. dollars) (the “New Peso Notes” and, together with the New Dollar Notes, the “New Notes”) and 100 warrants to purchase shares of its common stock (the “New Warrants”, and such private offer to exchange being the “Exchange Offer”), and (ii) solicitation of consents to (a) delist the Existing Notes from the Euro MTF, the alternative market of the Luxembourg Stock Exchange, (b) make certain amendments to documentation relating to (A) the indenture governing the Existing Notes, (B) the indenture governing the 12-1/2% Senior Secured Convertible Notes due 2008 (the “12-1/2% Secured Notes”), (C) the warrant agreement governing the warrants offered by the Company pursuant to the offer to exchange completed May 17, 2006, (D) the security documents relating to the Existing Notes and (E) certain other documentation relating to the Existing Notes (the “Consent Solicitation”), and (c) waive certain events of default relating to the Company’s 12-1/2% Secured Notes and the Existing Notes. The revised terms of the Exchange Offer and Consent Solicitation are set forth in Supplement No. 3 to the Offering Memorandum and Consent Solicitation Statement dated May 14, 2009. Transtel Intermedia Announces Extension of Private Offer to Exchange and Solicitation of Consents to May 15, 2009CALI, Colombia - Transtel Intermedia S.A. (the “Company”) today announced that it has extended the expiration of its (i) private offer to exchange, for each US$100,000 of principal amount (excluding accrued but unpaid interest) of its outstanding 12% Senior Notes due 2016 (the “Existing Notes”), one of its units (the “New Units”), each New Unit consisting of either US$100,000 principal amount of its unissued Senior Secured Amortizing Step-up Dollar Notes due 2016 (the “New Dollar Notes”) or the Peso-equivalent of US$100,000 of principal amount of its unissued Senior Secured Amortizing Step-up Peso-Denominated Notes (payable in U.S. dollars) (the “New Peso Notes” and, together with the New Dollar Notes, the “New Notes”) and 100 warrants to purchase shares of its common stock (the “New Warrants”, and such private offer to exchange being the “Exchange Offer”), and (ii) solicitation of consents to (a) delist the Existing Notes from the Euro MTF, the alternative market of the Luxembourg Stock Exchange, (b) make certain amendments to documentation relating to (A) the indenture governing the Existing Notes, (B) the indenture governing the 12-1/2% Senior Secured Convertible Notes due 2008 (the “12-1/2% Secured Notes”), (C) the warrant agreement governing the warrants offered by the Company pursuant to the offer to exchange completed May 17, 2006, (D) the security documents relating to the Existing Notes and (E) certain other documentation relating to the Existing Notes (the “Consent Solicitation”), and (c) waive certain events of default relating to the Company’s 12-1/2% Secured Notes and the Existing Notes. The terms of the Exchange Offer and Consent Solicitation are set forth in the offering memorandum and consent solicitation statement dated December 22, 2008, as amended and restated in its entirety by the supplement, dated April 29, 2009 and as amended by the second supplement, dated May 11, 2009. Transtel Intermedia Issues Second Supplemental Offering Memorandum and Consent Solicitation StatementCALI, Colombia - Transtel Intermedia S.A. (the “Company”) today announced that it has amended the terms of its (i) private offer to exchange, for each US$100,000 of principal amount (excluding accrued but unpaid interest) of its outstanding 12% Senior Notes due 2016 (the “Existing Notes”), one of its units (the “New Units”), each New Unit consisting of either US$100,000 principal amount of its unissued Senior Secured Amortizing Step-up Dollar Notes due 2016 (the “New Dollar Notes”) or the Peso-equivalent of US$100,000 of principal amount of its unissued Senior Secured Amortizing Step-up Peso-Denominated Notes (payable in U.S. dollars) (the “New Peso Notes” and, together with the New Dollar Notes, the “New Notes”) and 100 warrants to purchase shares of its common stock (the “New Warrants”, and such private offer to exchange being the “Exchange Offer”), and (ii) solicitation of consents to (a) delist the Existing Notes from the Euro MTF, the alternative market of the Luxembourg Stock Exchange, (b) make certain amendments to documentation relating to (A) the indenture governing the Existing Notes, (B) the indenture governing the 12-1/2% Senior Secured Convertible Notes due 2008 (the “12-1/2% Secured Notes”), (C) the warrant agreement governing the warrants offered by the Company pursuant to the offer to exchange completed May 17, 2006, (D) the security documents relating to the Existing Notes and (E) certain other documentation relating to the Existing Notes (the “Consent Solicitation”), and (c) waive certain events of default relating to the Company’s 121/2% Secured Notes and the Existing Notes. The revised terms of the Exchange Offer and Consent Solicitation are set forth in the Supplement No. 2 to the Offering Memorandum and Consent Solicitation Statement dated May 11, 2009. Transtel Intermedia Announces Extension of Private Offer to Exchange and Solicitation of Consents to May 12, 2009 and issues Supplemental Offering MemorandumCALI, Colombia - Transtel Intermedia S.A. (the “Company”) today announced that it has extended the expiration of and supplemented the terms of its (i) private offer to exchange, for each US$100,000 of principal amount (excluding accrued but unpaid interest) of its outstanding 12% Senior Notes due 2016 (the “Existing Notes”), one of its units (the “New Units”), each New Unit consisting of either US$100,000 principal amount of its unissued Senior Secured Amortizing Step-up Dollar Notes due 2016 (the “New Dollar Notes”) or the Peso-equivalent of US$100,000 of principal amount of its unissued Senior Secured Amortizing Step-up Peso-Denominated Notes (payable in U.S. dollars) (the “New Peso Notes” and, together with the New Dollar Notes, the “New Notes”) and 100 warrants to purchase shares of its common stock (the “New Warrants”, and such private offer to exchange being the “Exchange Offer”), and (ii) solicitation of consents to (a) delist the Existing Notes from the Euro MTF, the alternative market of the Luxembourg Stock Exchange, and (b) make certain amendments to documentation relating to (A) the indenture governing the Existing Notes, (B) the indenture governing the 12-1/2% Senior Secured Convertible Notes due 2008 (the “12-1/2% Secured Notes”), (C) the warrant agreement governing the warrants offered by the Company pursuant to the offer to exchange completed May 17, 2006, (D) the security documents relating to the Existing Notes, (E) certain other documentation relating to the Existing Notes (the “Consent Solicitation”), and (F) waive certain events of default related to the Company’s 12-1/2% Secured Notes and the Existing Notes. The revised terms of the Exchange Offer and Consent Solicitation are set forth in the Supplement to the Offering Memorandum and Consent Solicitation Statement dated April 29, 2009 (the “Supplement”). Transtel Intermedia Announces Extension of Private Offer to Exchange and Solicitation of Consents to May 1, 2009CALI, Colombia - Transtel Intermedia S.A. (the “Company”) today announced that it has extended the expiration of its (i) private offer to exchange, for each US$100,000 of principal amount (excluding accrued but unpaid interest) of its outstanding 12% Senior Notes due 2016 (the “Existing Notes”), one of its units (the “New Units”), each New Unit consisting of US$100,000 principal amount of its unissued Senior Secured Amortizing Step-up Notes due 2016 (the “New Notes”) and 100 warrants to purchase shares of its common stock (the “New Warrants”, and such private offer to exchange being, the “Exchange Offer”), and (ii) solicitation of consents to (a) delist the Existing Notes from the Euro MTF, the alternative market of the Luxembourg Stock Exchange, and (b) make certain amendments to the indenture governing the Existing Notes, the security documents related to the Existing Notes, certain other documentation related to the Existing Notes and the warrant agreement governing the Company’s warrants issued on May 17, 2006 (the “Consent Solicitation”). The Exchange Offer and Consent Solicitation are now scheduled to expire at 5:00 p.m., New York City time, on May 1, 2009, unless extended by the Company in its sole discretion. Transtel Intermedia Announces Extension of Private Offer to Exchange and Solicitation of Consents to April 13, 2009CALI, Colombia - Transtel Intermedia S.A. (the “Company”) today announced that it has |
