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.
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