Servicios Corporativos Javer, S.A.B. de C.V. Announces Redemption of All Its Outstanding 9.875% Senior Notes Due 2021
October 03, 2019 at 10:42 am IST
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Servicios Corporativos Javer, S.A.B. de C.V. announced that the company shall redeem all its outstanding 9.875% Senior Notes due 2021 pursuant to Section 5.1 of Article 5 of the Indenture and Section 5 of the Note on November 14, 2019, at a redemption price of 100.0000% of the principal amount of the Notes outstanding, or USD 1,000 per USD 1,000 principal amount of the Notes, plus accrued and unpaid interest on the Notes to, but not including, the Redemption Date, or USD 10.42361111 per USD 1,000 principal amount of the Notes.
Servicios Corporativos Javer SAB de CV is a Mexico-based company primarily engaged in the homebuilding sectors. The Company specializes in the design, construction, promotion and sale of housing developments, which are mainly located in the northeastern region of Mexico. The Company's products portfolio comprises single-family and multifamily real estate properties that are structured in three divisions: Affordable Entry-Level, Middle-Income and Residential. The Company also owns land in the states of Nuevo Leon, Jalisco, Aguascalientes, Tamaulipas, Queretaro and Estado de Mexico, Mexico. Moreover, the Company is active in the promotion, development and sale of commercial land plots.