2014-2015 Restructuring Information

As previously disclosed, NII Holdings, Inc. (“NII”) engaged in discussions with (a) certain of the holders (the "Holders") of the senior notes issued by our subsidiaries, NII Capital Corp. and NII International Telecom S.C.A. (the "Senior Notes") and their advisors and (b) members of the Official Committee of Unsecured Creditors appointed in the bankruptcy cases (the “Committee”) and their advisors regarding a potential restructuring of the Senior Notes and the reorganization of NII and certain of its subsidiaries. Those discussions culminated in NII's plan of reorganization dated June 19, 2015 (the "Plan"), pursuant to which the Senior Notes have been restructured as of the effective date of the Plan. The Plan was confirmed by the U.S. Bankruptcy Court for the Southern District of New York on June 19, 2015 and has become effective on June 26, 2015.

Pursuant to confidentiality agreements between the Holders and NII, and at the request of the Holders and certain members of the Committee, this Bondholder Information page publicly discloses the information that was provided to the Holders and the Committee (the “Disclosed Information”) through the effective date of the Plan. An index of the Disclosed Information is available below.

 

Tax Information

  1. NII Holdings - IRS Form 8937

Back to top >>

 

 

Index of Disclosed Information

Disclosed Information as of June 26, 2015

  1. NII business plan as of December 26, 2014
  2. Management presentation to Creditors' Committee dated October 20, 2014 and related data
  3. Liquidity data as of January 11, 2015
  4. Miscellaneous financial and investor update data

Back to top >>

 

 

Disclosed Information as of February 19, 2015

  1. Proposed Plan Term Sheet dated ____, 2015

Back to top >>

 

Disclosed Information as of December 22 & 26, 2014

  1. December 2014 Business Plan Update Review

Back to top >>

 

Disclosed Information as of November 24, 2014

  1. Preliminary Term Sheet (Draft as of November 7, 2014)

Back to top >>

 

Disclosed Information as of November 4, 2014

  1. Schedule of net intercompany obligations between NII entities as of September 14, 2014
  2. Schedule of cash balances, net intercompany payables and other data as of September 14, 2014
  3. Schedule of estimated bank cash balances as of September 12, 2014

    Back to top >>

 

Disclosed Information as of August 15, 2014

Annual Financial Statements

  1. Nextel Communications Argentina S.R.L. (2008-09, 2009-10, 2011-12[Part I], 2011-12 [Part II], 2012-13)
  2. Nextel Chile S.A. (2008, 2009, 2010, 2011, 2012)
  3. Nextel Telecomunicações, Ltda. (2008-09, 2010-11, 2011-12, 2012-13)
  4. Comunicaciones Nextel de México, S.A. de C.V. (2009-10, 2010-11, 2011-12, 2012-13, 2012-13 (English))
  5. Nextel Telecomunicações S.A. (2010 (English), 2011, 2012)

Other Financial Data

  1. Select financial data for certain NII subsidiaries (2011-13)
  2. Schedule of net intercompany obligations between NII entities exceeding $25 million in the aggregate as of year-end for each of 2011, 2012, and 2013 and as of March 31, 2014

Agreements & Other Information

  1. Loan Subordination Agreement between Nextel Telecomunicações, Ltda. and China Development Bank Corporation dated December 13, 2012
  2. Loan Subordination Agreement between Comunicaciones Nextel de México, S.A. de C.V. and China Development Bank Corporation
  3. Documents related to subordination agreements with China Development Bank Corporation
  4. Guaranty and Subordination Agreement between NII International Telecom S.C.A. and American Tower do Brazil Cessão de Infra-Estrutras Ltda.
  5. Subordination Agreement between NII International Telecom S.C.A. and Wilmington Trust, N.A. dated May 23, 2013 (7.875% Notes)
  6. Subordination Agreement between NII International Telecom S.C.A. and Wilmington Trust, N.A. dated February 19, 2013 (11.375% Notes)
  7. Amendment to Subordination Agreement between NII International Telecom S.C.A. and Wilmington Trust, N.A. dated April 15, 2013 (11.375% Notes)
  8. Intercompany Agreement between Nextel International (Services), Ltd. and Nextel Telecomunicações, Ltda., effective as of January 1, 2013
  9. Patent License Agreement between NII Holdings, Inc. and Nextel Telecomunicações, Ltda., effective as of January 1, 2012
  10. Amendment 2 to the Patent License Agreement between NII Holdings, Inc. and Nextel Telecommunicações, Ltda. dated October 28, 2013
  11. Trademark License Agreement between NII Holdings, Inc. and Nextel Telecomunicações, Ltda., effective as of January 1, 2012
  12. Trademark Sublicense Agreement between NII Holdings, Inc. and Nextel Telecomunicações, Ltda., effective as of January 1, 2012
  13. Amendment 2 to the Trademark License Agreement between NII Holdings, Inc. and Nextel Telecomunicações, Ltda. dated October 28, 2013
  14. Incentive Compensation Chargeback Agreement between NII Holdings, Inc. and Nextel Telecomunicações, Ltda. dated October 1, 2012
  15. Intercompany Agreement between Nextel International (Services), Ltd. and Comunicaciones Nextel de México, S.A. de C.V., effective as of January 1, 2010
  16. Second Amended and Restated Trademark, Patent, and Know-How License Agreement between NII Holdings, Inc. and Comunicaciones Nextel de México, S.A. de C.V., effective as of January 1, 2012
  17. Exhibit A to the Second Amended and Restated Trademark, Patent, and Know-How License Agreement between NII Holdings, Inc. and Comunicaciones Nextel de México, S.A. de C.V. dated January 1, 2012
  18. Incentive Compensation Chargeback Agreement between NII Holdings, Inc. and Servicios de Radiocomunicacion Móvil de Mexico S.A. de C.V. dated September 26, 2012
  19. Intercompany Agreement between Nextel International (Services), Ltd. and Nextel Communications Argentina S.R.L. dated January 1, 2010
  20. Trademark and Patent License Agreement between NII Holdings, Inc. and Nextel Communications Argentina S.R.L., effective as of January 1, 2012
  21. Intercompany Agreement between NII Holdings, Inc., Nextel International (Services), Ltd. and Centennial Cayman Corp Chile S.A., effective as of January 1, 2010
  22. Trademark and Patent License Agreement between NII Holdings, Inc. and Nextel S.A., effective as of January 1, 2012
  23. Incentive Compensation Chargeback Agreement between NII Holdings, Inc. and Nextel S.A. dated October 2, 2012
  24. Distribution Agreement between Nextel International (Services), Ltd. and NII Holdings, Inc. dated April 23, 2013
  25. Contribution Agreement between NII Holdings, Inc. and NII Capital Corp. dated April 23, 2013
  26. Contribution Agreement between NII Capital Corp. and NII Global Holdings, Inc. dated April 23, 2013
  27. Contribution Agreement between NII Global Holdings, Inc. and NII International Holdings S.á r.l. dated April 23, 2013
  28. Contribution Agreement between NII International Holdings S.á r.l. and NII International Telecom S.C.A. dated April 23, 2013
  29. Contribution Agreement between NII International Holdings S.á r.l. and NII International Services S.á r.l. dated April 23, 2013
  30. Contribution Agreement between NII International Services S.á r.l. and NII International Telecom S.C.A. dated April 23, 2013
  31. Contribution Agreement between NII International Telecom S.C.A. and NII Mercosur Telecom, S.L. dated April 23, 2013
  32. Contribution Agreement between NII International Telecom S.C.A. and NII Mercosur Móviles, S.L. dated April 23, 2013
  33. Contribution Agreement between NII Mercosur Telecom, S.L. and Nextel del Peru S.A. dated April 23, 2013
  34. Contribution Agreement between NII Mercosur Móviles, S.L. and Nextel del Peru S.A. dated April 23, 2013
  35. Contribution Agreement between NII International Holdings S.á r.l. and NII International Telecom S.C.A. dated February 28, 2013
  36. Contribution Agreement between NII Capital Corp. and NII Global Holdings, Inc. dated February 28, 2013
  37. Contribution Agreement between NII Global Holdings, Inc. and NII International Holdings S.á r.l. dated February 28, 2013
  38. Contribution Agreement between NII Holdings, Inc. and NII Capital Corp. dated February 28, 2013
  39. Receivables Purchase Agreement between NII Holdings, Inc. and NII International Telecom S.C.A. dated February 28, 2013
  40. Intercompany Note between NII Holdings, Inc. and NII International Telecom S.C.A. dated February 27, 2013
  41. Forms of Intercompany Notes
  42. Various intercompany agreements dated February 7, 2013
  43. NII Holdings, Inc. corporate organizational chart (as of March 31, 2014)
  44. Narrative summary describing the variance in NII Holdings, Inc.’s net intercompany receivables as of March 31, 2013 as compared to December 31, 2012
  45. Presentation to Bondholders

Back to top >>

The Disclosed Information includes prospective financial information, forecasts and other information generally not disclosed by NII. The Disclosed Information was prepared based on expectations, beliefs, opinions, and assumptions of NII’s management at the time this information was prepared. The Disclosed Information was not prepared in accordance with generally accepted accounting principles or published guidelines established by the American Institute of Certified Public Accountants for preparation and presentation of “prospective financial information” or in accordance with any other potentially applicable standards.

The publication of the Disclosed Information should not be regarded as an indication or acknowledgement that NII or any other person considered or considers the Disclosed Information to be accurate or predictive of future results, and does not constitute an admission or representation by any person that any Disclosed Information is currently material or accurate, or that the expectations, beliefs, opinions, and assumptions that underlie the Disclosed Information remain the same as of the date of the preparation of the applicable Disclosed Information. The Disclosed Information should not be relied on by investors.

Certain portions of the Disclosed Information were prepared before the completion of the sale of Nextel Mexico on April 30, 2015 and therefore include financial and other information that reflects the results of operations in Mexico which NII no longer owns. Furthermore, the Disclosed Information was prepared and provided both before and over the nine months that NII’s chapter 11 proceedings were pending. While NII believed the Disclosed Information to be accurate at the time it was provided, a significant amount of the Disclosed Information may have been rendered obsolete as a result of the passage of time or the occurrence of other events or developments after the information was provided, including, without limitation, as a result of changes in economic conditions, foreign exchange rates, interest rates and changes in NII’s business results from what was expected, and may be inconsistent with results previously reported or reported in the future in NII’s filings made with the Securities and Exchange Commission. NII has not undertaken to review to determine whether the Disclosed Information continues to be accurate nor will it do so. Readers are cautioned that the Disclosed Information should not be viewed as any confirmation by NII that it is either accurate or reflects NII’s current views on any of the topics addressed by the Disclosed Information and that some of the information, particularly the information that includes the results of NII’s Mexico operations, does not reflect NII’s current business.

NII’s independent public accounting firm has not, nor has any other accountant, examined, compiled, or performed any procedures with respect to the Disclosed Information. Accordingly, no accounting firm or any other person has expressed any opinion or any other form of assurance on the Disclosed Information or its achievability and no accounting firm or person assumes any responsibility for the Disclosed Information.

The Disclosed Information that is not historical information:

  • is forward-looking, speculative and subjective in nature and was based upon expectations, beliefs, opinions, and assumptions, which are inherently uncertain and include factors that are beyond the control of NII and may not prove to be accurate;
  • does not necessarily reflect current expectations, beliefs, opinions, or assumptions that the management of NII may have about the prospects for NII’s businesses, changes in general business or economic conditions, or any other transaction or event that has occurred or that may occur or that was not anticipated at the time the information was prepared;
  • may not reflect current results or future performance, which may be significantly more favorable or less favorable than projected by the Disclosed Information; and
  • is not, and should not be regarded as, a representation that any of the expectations contained in, or forming a part of, the forecasts will be achieved.
 

Additional Information

The financial and other information contained in the documents that may be accessed on this page speaks only as of the date of those documents. NII does not undertake an obligation, and disclaims any duty, to update any of the information in those documents. NII's future performance, including financial performance, is subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect the company's future results are discussed more fully in our reports filed with the SEC.
Certain information contained on this page and in documents that may be accessed on this page is provided by third parties. NII makes no representations or warranties with respect to any such information and takes no responsibility for supplementing, updating or correcting any such information.
Investor Relations