MEXICO CITY, Feb. 6, 2012 /PRNewswire/ -- Industrias Unidas, S.A. de C.V. ("IUSA" or the "Company") confirms that Mr. Carlos Peralta, the controlling equity owner of the Company, has made the US$13,888,000 in required cash equity contributions to date. Pursuant to the terms of the Company's indenture, the next cash equity contribution of US$5,555,000 is required to be made on March 7, 2012, and Mr. Peralta intends to make the equity contribution called for on that date.
The next interest payment on IUSA's Series A and Series B Notes is expected to be made in cash on February 15, 2012 as provided in the indenture.
In addition, after discussions with certain Series A Noteholders, the Company would like to clarify its intentions with respect to the use of proceeds from any future sale of its U.S. assets. The Company will apply 100% of the net proceeds of any future material sale of its U.S. assets exclusively to redeem or repurchase Series A Notes or to acquire additional U.S. assets in accordance with the terms of the indenture.
This announcement includes forward-looking statements regarding Industrias Unidas, S.A. de C.V. and its subsidiaries relating to IUSA's future prospects, developments and business strategies. These forward-looking statements reflect IUSA's best assessment at the time and thus involve uncertainty and risk.
SOURCE Industrias Unidas, S.A. de C.V.
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