Jefferies acts as dealer manager and solicitation agent in US$821 million Uptier Exchange of Senior Notes by Total Play Telecomunicaciones, S.A.P.I. de C.V.

Client(s) Jefferies LLC

Jones Day served as special local counsel to Jefferies LLC, as dealer manager and solicitation agent, in the Uptier Exchange of Senior Notes by Total Play Telecomunicaciones, S.A.P.I. de C.V., for a total amount of US$821 million. In addition to representing Jefferies, Jones Day led the design and implementation of the collateral trust, establishing a first-place lien over a specific portfolio of collection rights to serve as the payment mechanism for the exchanged notes, and played a key role in the design and implementation of the first management and security master trust holds a first priority lien over Total Play's transport network (fiber optic & fundamental electric equipment). Pursuant to the terms of the transaction, Total Play agreed to exchange its US$566 million outstanding Senior Notes due 2028 and a cash subscription of US$255 million. On January 7, 2025, Total Play announced an offer to exchange its US$600 million of 6.375% Senior Notes due 2028 for newly issued 11.125% Senior Secured Notes maturing in 2032.