Report of Foreign Issuer (6-k)
January 20 2016 - 10:36AM
Edgar (US Regulatory)
FORM
6-K
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16
of
the Securities Exchange Act of 1934
For
the month of January, 2016
Commission File Number 1-11080
THE
ICA CORPORATION
(Translation of registrant's name into English)
Blvd.
Manuel Avila Camacho 36
Col. Lomas de Chapultepec
Del. Miguel Hidalgo
11000 Mexico City
Mexico
(Address of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form
20-F.....x.... Form 40-F.........
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____
Indicate
by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes
..... No...x...
If
"Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________
ICA Announces Non-Payment of
Interest for Senior Notes due 2017 and Management Change
January 20, 2016,
Mexico City – Empresas ICA, S.A.B. de C.V. (BMV and NYSE: ICA), the largest infrastructure
and construction company in Mexico, ICA announced today that the Company’s Board of Directors has decided that ICA will not
pay the approximately US$6 million interest payment that is due on January 25, 2016 on ICA’s 8.375% senior notes due 2017.
ICA has made this decision in order preserve liquidity, prioritize ongoing operations, and fund projects currently under development.
The Company is exploring various options to help manage its indebtedness, but currently has no specific transactions planned other
than those previously reported.
Appointment of Financial Restructuring
Officer
ICA also announced that it has
retained Guadalupe Phillips Margain as Financial Restructuring Officer, to assist with ICA’s restructuring initiatives. Ms.
Phillips has over twenty years of experience in Mexican markets and was most recently Vice President of Finance and Risk with Grupo
Televisa, S.A.B. She holds a law degree from the Instituto Tecnológico Autónomo de México (ITAM) and an M.A.
and Ph.D. from the Fletcher School of Law and Diplomacy at Tufts University. Orlando Loera is no longer with the Company.
This press release contains
projections or other forward-looking statements related to ICA that reflect ICA’s current expectations or beliefs concerning
future events. Such forward-looking statements are subject to various risks and uncertainties and may differ materially from actual
results or events due to important factors such as changes in general economic, business or political or other conditions in Mexico,
Latin America or elsewhere, changes in capital markets in general that may affect policies or attitudes towards lending to Mexico
or Mexican companies, changes in tax and other laws affecting ICA’s businesses, increased costs, unanticipated increases
in financing and other costs or the inability to obtain additional debt or equity financing on attractive terms and other factors
set forth in ICA’s most recent filing on Form 20-F and in any filing or submission ICA has made with the SEC subsequent to
its most recent filing on Form 20-F. All forward-looking statements are based on information available to ICA on the date hereof,
and ICA assumes no obligation to update such statements.
Empresas ICA,
S.A.B. de C.V. is Mexico's largest infrastructure company. ICA carries out large-scale civil and industrial construction projects
and operates a portfolio of long-term assets, including airports, toll roads, water systems, and real estate. Founded in 1947,
lCA is listed on the Mexican and New York Stock exchanges. For more information, visit
ir.ica.mx.
For more information, please contact:
Elena Garcia
elena.garcia@ica.mx
Gabriela Orozco
gabriela.orozco@ica.mx
relacion.inversionistas@ica.mx
+(5255) 5272 9991 x 3608
|
Garcia
Chief Financial Pablo Officer
pablo.garcia@ica.mx
In the US:
Daniel Wilson, Zemi Communications
+(1212) 689 9560
dbmwilson@zemi.com |
SIGNATURE
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, thereunto
duly authorized.
Date: January 20, 2015 |
Empresas ICA, S.A.B. de C.V.
/s/ Alonso Quintana Kawage
Name: Alonso Quintana Kawage
Title: Co-Chief Executive Officer
|