By Rebecca Melvin
New York, May 22 – Mexico's Grupo Televisa SAB priced $750 million of 5¼% notes due 2049 (Baa1/BBB+/BBB+) at 98.588 to yield 5.345%, or a spread over Treasuries of 250 basis points, according to an FWP filing with the Securities and Exchange Commission.
The notes, which priced on Tuesday, are callable for a make-whole amount of Treasuries plus 40 bps. After Nov. 24, 2048, they are callable at par.
BBVA Securities Inc., Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC were bookrunners of the SEC-registered deal.
Proceeds will be used for general corporate purposes, including the repayment or repurchase of existing debt.
The mass media company is based in Mexico City.
| Issuer: | Grupo Televisa SAB
|
| Amount: | $750 million
|
| Maturity: | May 24, 2049
|
| Description: | Senior notes
|
| Bookrunners: | BBVA Securities Inc., Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC
|
| Coupon: | 5¼%
|
| Price: | 98.588
|
| Yield: | 5.345%
|
| Spread: | Treasuries plus 250 bps
|
| Call: | Yes, with make-whole of Treasuries plus 40 bps
|
| Trade date: | May 21
|
| Settlement date: | May 24
|
| Ratings: | Moody's: Baa1
|
| S&P: BBB+
|
| Fitch: BBB+
|
| Distribution: | SEC registered
|
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