Mexico’s Grupo Televisa launches $1.2 billion of 10-, 30-year notes

By Christine Van Dusen

Atlanta, Nov. 19 – Grupo Televisa SAB launched a $1.2 billion offering of notes due Jan. 30, 2026 and Jan. 31, 2046, a market source said.

The $300 million 10-year notes launched at Treasuries plus 245 basis points, following initial price talk in the 262.5 bps area.

The $900 million 30-year notes launched at Treasuries plus 312.5 bps, following talk in the 337.5 bps area.

Goldman Sachs & Co., HSBC Securities (USA) Inc. and Morgan Stanley & Co. LLC are the bookrunners for the Securities and Exchange Commission-registered deal.

The notes will include a make-whole call and will have a change-of-control put option at 101.

The proceeds will be used for general corporate purposes, including capital expenditures associated with the continued growth of its cable and telecommunication segments.

The company said it will apply to list the notes for trading on the Luxembourg Stock Exchange.

Grupo Televisa is a Mexico City-based mass media company.

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