News
Global Banks Make First Cross-Border Syndicated Loan to Televisa, Valued up to $950 Million
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 is a leading media company in the Spanish-speaking world.
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