Pursuant to Rule 13a-16 or 15d-16 of
Bonanza 80020. Culiacán, Sinaloa, México.
(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)
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Homex Obtains a Broadly Supported 90-Day Extension for itsConcurso Mercantil Process
Culiacán Sinaloa, April 10th 2015. - Desarrolladora Homex S.A.B de C.V., (“Homex” or the “Company”) announces that it has obtained a 90-day extension for the conciliation stage under its ongoingConcurso Mercantil process.
The extension was granted by the Concurso Mercantil Judge after receiving approval from more than 90% of the Company’s creditors. During the extension period, the Company will continue negotiations with its creditors in order to reach a final “Concurso” agreement for the benefit of all stakeholders.
The Company is currently negotiating with an ad hoc group of creditors and other parties, and intends to seek approval from its creditors of a proposed “Concurso” agreement in the very near future.
In addition, the Company continues to discuss project reactivation with new and existing financing sources and expects to reactivate certain projects before the termination of itsConcurso Mercantil process.
The Company values the support of its creditors throughout this process and recognizes that their cooperation is essential for achieving a successful restructuring.
About Homex
Desarrolladora Homex, S.A.B. de C.V. is a vertically integrated home-development company focused on affordable entry-level and middle-income housing in Mexico.
Desarrolladora Homex, S.A.B. de C.V. quarterly reports and all other written materials may from time to time contain statements about expected future events and financial results that are forward-looking and subject to risks and uncertainties. Forward-looking statements involve inherent risks and uncertainties. We caution investors that a number of important factors can cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include economic and political conditions and government policies in Mexico or elsewhere, including changes in housing and mortgage policies, inflation rates, exchange rates, regulatory developments, customer demand and competition. For those statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Discussion of factors that may affect future results is contained in our filings with the Securities and Exchange Commission.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
Date: April 10, 2015 | Homex Development Corp. By: /s/ Carlos Moctezuma |