Grupo Televisa, S.A.B. Prepays in Full its Revolving Credit Facility
October 07, 2020
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Grupo Televisa, S.A.B. announced that it has prepaid in full the Company's Revolving Credit Facility in an amount of MXN 14,771 million. The Company retains the right to reborrow the Facility in an amount of up to the Mexican Peso equivalent of USD 618 million. The Facility remains available through March 26, 2022. On March 24, 2020, the Company announced that it drew down the Facility as a prudent and precautionary measure in light of the high degree of uncertainty at that moment in the global markets resulting from the COVID-19 outbreak.
Grupo Televisa, S.A.B. is a media company, cable operator in Mexico and an operator of a direct-to-home (DTH) satellite pay television system in Mexico. The Company operates through four segments: Content, Sky, Cable and Other Businesses. The Content segment includes Advertising, Network Subscription, and Licensing and Syndication. The Sky segment includes DTH broadcast satellite pay television services in Mexico, Central America and the Dominican Republic. The Cable segment includes the operation of a cable multiple system in the Mexico City metropolitan area; the operation of telecommunication, and the operation of a cable multiple system. The Other Businesses segment includes its domestic operations in sports and show business promotion, soccer, feature film production and distribution, gaming, radio, publishing and publishing distribution. The Company distributes the content it produces through various broadcast channels in Mexico and in approximately 50 other countries.