News

Global Banks Make $529 Million Cross-Border Syndicated Term Loan to Televisa

New York -- Paul Hastings LLP, a leading global law firm, announced that it represented a syndicate of banks, including BBVA Bancomer, Citigroup and Santander Mexico as joint book-runners, in a cross-border New York law-governed term loan facility extended to Grupo Televisa, S.A.B. The Mexican peso-denominated facility was funded on July 5, 2019 in the amount of MXN 10 billion (approximately US$529 million). The covenants under the loan require Televisa to maintain financial ratios related to indebtedness and net leverage. 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.

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

 and

Michael Fitzgerald

 led the Paul Hastings teams, which also included associate

Eduardo Gonzalez

 and foreign associate Diego Plowells. The Paul Hastings team previously advised the consortium of banks on Televisa’s first cross-border syndicated loan valued up to $950 million in April 2018.

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