Grupo TMM Consolidates Three Tranches of Mexican Trust Certificates Program Into One Issuance

MEXICO CITY -- (Marketwire) -- 07/30/10 -- Grupo TMM, S.A.B. (NYSE: TMM) (BMV: TMM A) ("TMM" or the "Company"), a Mexican intermodal transportation and logistics company, announced today that it consolidated the three tranches of its 20-year, non recourse Mexican Trust Certificates Program into one issuance, for $10.5 billion pesos (approximately $817 million dollars). TMM will use the additional proceeds of this issuance to prepay certain U.S. dollar denominated debt and for general corporate purposes. The new issuance rate is TIIE* +245 basis points and was rated AA (domestic) by HR Ratings de México. The Company's shareholders approved this new issuance on April 30, 2010, at the Company's Annual Ordinary Shareholders Meeting.

José F. Serrano, chairman and chief executive officer of Grupo TMM, said, "With this new financing, the vast majority of TMM's debt will be peso-denominated, non recourse to the Company and at a 20-year term. Additionally, TMM's short-term debt will be less than 3 percent of the Company's total debt."

*TIIE: Mexico's Interbank Equilibrium Interest Rate

Headquartered in Mexico City, TMM is a Latin American intermodal transportation Company. Through its branch offices and network of subsidiary companies, TMM provides a dynamic combination of ocean and land transportation services. Visit TMM's web site at The site offers Spanish/English language options.

Included in this press release are certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements speak only as of the date they are made and are based on the beliefs of the Company's management as well as on assumptions made. Actual results could differ materially from those included in such forward-looking statements. Readers are cautioned that all forward-looking statements involve risks and uncertainty. The following factors could cause actual results to differ materially from such forward-looking statements: global, US and Mexican economic and social conditions; the effect of the North American Free Trade Agreement on the level of US-Mexico trade; the condition of the world shipping market; the success of the Company's investment in new businesses; the ability of the Company to reduce corporate overhead costs and the ability of management to manage growth and successfully compete in new businesses These risk factors and additional information are included in the Company's reports on Form 6-K and 20-F on file with the United States Securities and Exchange Commission.

Jacinto Marina
Deputy CEO
011-525-55-629-8866 ext. 2901
Email Contact

Monica Azar
Investor Relations
917-597-5361 or
011-525-55-629-8866 ext. 3421
Email Contact

Kristine Walczak
(investors, analysts, media)
Email Contact

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