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Global Banks Make First Cross-Border Syndicated Loan to Televisa, Valued up to $950 Million

April 02, 2018

New York - Paul Hastings LLP, a leading global law firm, announced that it represented HSBC Mexico S.A., as sole lead arranger and bookrunner, HSBC Bank USA, N.A. as administrative agent, and a group of lenders consisting of HSBC Mexico, BBVA Bancomer S.A., Banco J.P. Morgan S.A., Banco Santander (Mexico) S.A., Bank of Tokyo-Mitsubishi UFJ (Mexico), S.A., and Mizuho Bank of Mexico, S.A., in the first cross-border New York law-governed revolving credit facility extended to Grupo Televisa, S.A.B. Televisa is a leading media company in the Spanish-speaking world, an important cable operator in Mexico and an operator of a leading direct-to-home satellite pay television system in Mexico.

The “Dollar denominated Peso-pay” facility is initially committed in the amount of the Mexican peso-equivalent of $583 million and contains an accordion feature that allows for an increase in the borrowings of up to the Mexican peso-equivalent of $375 million, for a total amount of more than $950 million.

televisa

Televisa is a leading media company in the Spanish-speaking world.
Latin America partners 

and , associate  and law clerk Hannah Kropp led the Paul Hastings team, which also included tax partners  and  and tax associate .

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.

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