Grupo Televisa to partially redeem 6 5/8% notes due 2025

By Mary-Katherine Stinson

Lexington, Ky., Feb. 28 – Mexico's Grupo Televisa SAB will redeem $200 million of its $600 million 6 5/8% senior notes due 2025 (ISIN: US40049JAV98) on March 30, according to a 6-K filing with the Securities and Exchange Commission.

The notes will be redeemed at a make-whole redemption price of Treasuries plus 40 basis points along with accrued and unpaid interest.

The company stated it will use cash to fund the redemption per its liability management plan.

Bank of New York Mellon is the paying agent.

Dexia Banque Internationale a Luxembourg, SA is the Luxembourg paying agent.

The mass media company is based in Mexico City.

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