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Grupo Televisa to repay debt from corporate restructuring proceeds
Chicago, April 20 – Mexico's Grupo Televisa SAB announced that it plans to use the proceeds from a corporate restructuring primarily to pay down debt, according to a 6-K filing with the Securities and Exchange Commission.
The company is merging its content business with a Mexican resident subsidiary of Univision Holdings.
Grupo Televisa will contribute such entities and assets valued at $4.5 billion, which will be received in a combination of cash and shares of Univision Holdings.
With the closing of the restructuring, the company expects certain new investors including SoftBank Latin America Fund, Google and Raine Group to subscribe for newly issues shares of Univision Holdings for a total cash consideration of $1 billion.
The mass media company is based in Mexico City.
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