Mexico's Cablemás prepays $183.03 million of 9.375% guaranteed notes

By Devika Patel

Knoxville, Tenn., Nov. 19 - Cablemás, SA de CV prepaid its $183,026,420 of 9.375% guaranteed senior notes due 2015, according to a press release from parent company Grupo Televisa, SAB.

The notes were issued in November 2005.

The debt refinancing, which includes the notes' prepayment, was financed through a Ps. 2.5 billion 9.3% loan facility provided by another subsidiary of Grupo Televisa. The loan is due in November 2020.

Cablemás also used some of the loan facility proceeds to prepay other debt.

The Mexico City-based company is Mexico's second largest cable TV operator.

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