Mexico’s TV Azteca to buy back $60 million more 7˝% notes due 2018

By Wendy Van Sickle

Columbus, Ohio, June 14 – TV Azteca SAB de CV will buy back $60 million of its $300 million 7˝% senior notes due 2018 at par on July 14.

The prepayment will be made with cash generated by company operations, according to a news release.

The company previously bought back $42.4 million of the notes in March.

“The transaction reflects the solid financial performance in TV Azteca, and our firm commitment to reduce total dollar-denominated debt, and to further strengthen the company's capital structure,” Esteban Galíndez, chief fiscal officer of TV Azteca, said in the release.

Mexico City-based TV Azteca is the second-largest television broadcaster in Mexico.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.