Jefferies acts as sole dealer manager and solicitation agent in $361.5 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 sole 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 $361.5 million.

Pursuant to the terms of the exchange offer, the new notes feature secured payments to holders through a meticulously crafted Mexican Management and Source of Payment Irrevocable Trust, designed and implemented by Jones Day. The Mexican trust establishes a first-priority lien over a specified collection portfolio. Additionally, the Mexican Trust enhances the creation of Debt Service Reserves by accumulating coupon and amortization payments for the subsequent scheduled payments.