top of page

Grupo Televisa - Tender Offer - Price Determination (Waterfall)

GRUPO TELEVISA ANNOUNCES PRICE DETERMINATION WITH RESPECT TO ITS WATERFALL TENDER OFFER


09 AUGUST 2023


Full announcement including full disclosures and disclaimers available via Luxse


"Mexico City, August 9, 2023—Grupo Televisa, S.A.B. (“Televisa,” the “Company,” “we,” “us” or “our”), announced today certain pricing terms for its previously announced tender offer to purchase for cash its outstanding 5.000% Notes due 2045 (the “2045 Notes”), 5.250% Notes due 2049 (the “2049 Notes”), 6.625% Notes due 2025 (the “2025 Notes”) and 6.125% Notes due 2046 (the “2046 Notes”) for an aggregate principal amount not to exceed (i) US$300,000,000 less (ii) the aggregate principal amount of Any and All Notes validly tendered and accepted for purchase pursuant to the Any and All Tender Offer (the “Waterfall Tender Cap”), in each case, upon the terms and subject to the conditions set forth in the offer to purchase dated July 26, 2023 (as it may be amended or supplemented from time to time, the “Offer to Purchase”). We collectively refer to the outstanding debt securities listed in the table below as the “Waterfall Notes” and to each of the listed outstanding debt securities as a “series” of Waterfall Notes. We refer to our offer to purchase the Waterfall Notes as the “Waterfall Tender Offer.” Capitalized terms used in this press release but not otherwise defined have the meanings given to them in the Offer to Purchase. Televisa has waived the 2025 Series Consideration Maximum, which required that the applicable Total Consideration determined to be payable for any 2025 Notes tendered be less than 100.00% of the principal amount of the 2025 Notes in order for such Notes to be accepted for purchase. The table below sets forth certain information relating to the Waterfall Notes and the Waterfall Tender Offer, including, among other things, the Offer Yield (as defined below) and Total Consideration for each US$1,000 principal amount of each series of Waterfall Notes validly tendered on or prior to the Early Tender Date, as calculated at 11:00 a.m. (New York City time) today, August 9, 2023 (the “Waterfall Price Determination Date”) in accordance with the terms of the Offer to Purchase."



...


 

GRUPO TELEVISA ANNOUNCES EARLY TENDER RESULTS WITH RESPECT TO ITS WATERFALL TENDER OFFER


08 AUGUST 2023


Full announcement including full disclosures and disclaimers available via SEC


"Mexico City, August 8, 2023—Grupo Televisa, S.A.B. (“Televisa,” the “Company,” “we,” “us” or “our”), announced today the early tender results as of 5:00 p.m. (New York City time) on August 8, 2023 (the “Early Tender Date”) of its previously announced tender offer to purchase for cash its outstanding 5.000% Notes due 2045 (the “2045 Notes”), 5.250% Notes due 2049 (the “2049 Notes”), 6.625% Notes due 2025 (the “2025 Notes”) and 6.125% Notes due 2046 (the “2046 Notes”) for an aggregate principal amount not to exceed (i) US$300,000,000 less (ii) the aggregate principal amount of Any and All Notes validly tendered and accepted for purchase pursuant to the Any and All Tender Offer (the “Waterfall Tender Cap”). We collectively refer to the outstanding debt securities listed in the table below as the “Waterfall Notes” and to each of the listed outstanding debt securities as a “series” of Waterfall Notes. We refer to our offer to purchase the Waterfall Notes as the “Waterfall Tender Offer.” The Waterfall Tender Offer was made pursuant to conditions set forth in the offer to purchase dated July 26, 2023 (the “Offer to Purchase”). Based on the US$92,580,000 aggregate principal amount of the Any and All Notes accepted in the Any and All Tender Offer, the Waterfall Tender Cap will equal US$207,420,000. Capitalized terms used in this press release but not otherwise defined have the meanings given to them in the Offer to Purchase.


The table below sets forth certain information relating to the Waterfall Notes and the Waterfall Tender Offer, including, among other things, the aggregate principal amount of Waterfall Notes tendered on or prior to the Early Tender Date. We were advised by D.F. King & Co., Inc., as the tender agent and information agent for the Waterfall Tender Offer, that as of the Early Tender Date, the aggregate principal amounts of each series of the Waterfall Notes specified in the table below were validly tendered and not validly withdrawn."


...


 

GRUPO TELEVISA ANNOUNCES FINAL RESULTS WITH RESPECT TO ITS ANY AND ALL TENDER OFFER AND CONFIRMS THE WATERFALL TENDER CAP FOR ITS WATERFALL TENDER OFFER


07 AUGUST 2023


Full announcement including full disclosures and disclaimers available via Luxse


"Mexico City, August 4, 2023—Grupo Televisa, S.A.B. (“Televisa,” the “Company,” “we,” “us” or “our”), announced today the final tender results of its previously announced tender offer to purchase for cash any and all of its outstanding 4.625% Senior Notes due 2026 (the “Any and All Notes”).


...



"The aggregate amount payable by Televisa to Holders whose Any and All Notes were accepted for purchase, excluding Accrued Interest and additional amounts, if any, is US$90,809,870.40.


In connection with the Waterfall Tender Offer announced by Televisa concurrently with the Any and All Tender Offer, Televisa announces that, based on the aggregate principal amount of Any and All Notes validly tendered and accepted for purchase in the Any and All Tender Offer, the Waterfall Tender Cap is US$207,420,000."


...


 

GRUPO TELEVISA ANNOUNCES PRICE DETERMINATION WITH RESPECT TO ITS ANY AND ALL

TENDER OFFER FOR ITS OUTSTANDING 4.625% NOTES DUE 2026

&

GRUPO TELEVISA ANNOUNCES EXPIRATION AND EXPIRATION DATE RESULTS WITH

RESPECT TO ITS ANY AND ALL TENDER OFFER FOR ITS OUTSTANDING 4.625% NOTES DUE 2026


02 AUGUST 2023


Full announcement including full disclosures and disclaimers available via SEC1 and SEC2


"Mexico City, August 2, 2023—Grupo Televisa, S.A.B. (“Televisa,” the “Company,” “we,” “us” or “our”), announced today the expiration and expiration date results of its previously announced tender offer to purchase for cash any and all of its outstanding 4.625% Notes due 2026 (the “Any and All Notes”). We refer to our offer to purchase the Any and All notes as the “Any and All Tender Offer.” The Any and All Tender Offer was made pursuant to the terms and conditions set forth in the offer to purchase dated July 26, 2023 (the “Offer to Purchase”) and the related notice of guaranteed delivery (as it may be amended or supplemented from time to time, the “Notice of Guaranteed Delivery”). Capitalized terms used in this press release but not otherwise defined have the meanings given to them in the Offer to Purchase.


The Any and All Tender Offer expired on August 2, 2023 at 5:00 p.m. (New York City time) (the “Any and All Expiration Date”). The settlement date with respect to the Any and All Tender Offer is expected to occur on August 7, 2023 (the “Any and All Settlement Date”). The table below sets forth the aggregate principal amount of Any and All Notes validly tendered, and not validly withdrawn, in the Any and All Tender Offer, and the aggregate principal amount of Any and All Notes reflected in Notices of Guaranteed Delivery delivered, at or prior to the Any and All Expiration Date and the consideration payable for Any and All Notes accepted for purchase in the Any and All Tender Offer."


...



"Mexico City, August 2, 2023—Grupo Televisa, S.A.B. (“Televisa,” the “Company,” “we,” “us” or “our”), announced today certain pricing terms for its previously announced tender offer to purchase for cash any and all of its outstanding 4.625% Notes due 2026 (the “Any and All Notes”), upon the terms and subject to the conditions set forth in the offer to purchase dated July 26, 2023 (as it may be amended or supplemented from time to time, the “Offer to Purchase”) and the related notice of guaranteed delivery (as it may be amended of supplemented from time to time, the “Notice of Guaranteed Delivery”). We refer to our offer to purchase the Any and All Notes as the “Any and All Tender Offer.” Capitalized terms used in this press release but not otherwise defined have the meanings given to them in the Offer to Purchase.


Holders of Any and All Notes that have been validly tendered and not validly withdrawn at or before 5:00 p.m. (New York City time) on August 2, 2023 (the “Any and All Expiration Date”), and whose Any and All Notes are accepted for purchase will receive the Total Consideration, which is based on the Reference Yield plus the Fixed Spread as set forth in the table below. The Reference Yield was determined by the Dealer Managers based on the bid side price of the Reference U.S. Treasury Security as of 11:00 a.m. (New York City time) on August 2, 2023. Holders whose Any and All Notes are accepted for purchase pursuant to the Any and All Tender Offer will also receive accrued and unpaid interest (“Accrued Interest”) up to, but excluding, the settlement date for the Any and All Tender Offer (the “Any and All Settlement Date”), which is currently expected to be August 7, 2023, and any additional amounts thereon, if any.




...

 

GRUPO TELEVISA ANNOUNCES COMMENCEMENT OF CASH TENDER OFFERS


27 JULY 2023


Full announcement including full disclosures and disclaimers available via Luxse


"Mexico City, July 26, 2023 - Grupo Televisa, S.A.B. (“Televisa,” the “Company,” “we,” “us” or “our”), announced today that it commenced tender offers to purchase for cash (i) any and all of its outstanding 4.625% Notes due 2026 (the “Any and All Notes”) and (ii) its outstanding 5.000% Notes due 2045 (the “2045 Notes”), 5.250% Notes due 2049 (the “2049 Notes”), 6.625% Notes due 2025 (the “2025 Notes”) and 6.125% Notes due 2046 (the “2046 Notes” and, together with the 2045 Notes, the 2049 Notes and the 2025 Notes, the “Waterfall Notes”) for an aggregate principal amount not to exceed (i) US$300,000,000 less (ii) the aggregate principal amount of Any and All Notes validly tendered and accepted for purchase pursuant to the Any and All Tender Offer (the “Waterfall Tender Cap”), in each case, upon the terms and subject to the conditions set forth in the offer to purchase dated July 26, 2023 (as it may be amended or supplemented from time to time, the “Offer to Purchase”) and, in the case of the Any and All Notes, the related notice of guaranteed delivery (as it may be amended or supplemented from time to time, the “Notice of Guaranteed Delivery”), including (1) that the applicable Total Consideration (as defined herein) determined to be payable for any 2025 Notes tendered shall be less than 100.00% of the principal amount of the 2025 Notes in order for such Notes to be accepted for purchase (the “2025 Series Consideration Maximum”) and that the applicable Total Consideration determined to be payable for any 2046 Notes tendered shall be less than 100.00% of the principal amount of the 2046 Notes in order for such Notes to be accepted for purchase (the “2046 Series Consideration Maximum” and, together with the 2025 Series Consideration Maximum, the “Series Consideration Maximums”), (2) the Acceptance Priority Procedures (as defined in the Offer to Purchase) and (3) proration, each as described in the Offer to Purchase. We collectively refer to the outstanding debt securities listed in the table below as the “Notes” and to each of the listed outstanding debt securities as a “series” of Notes. We refer to our offer to purchase the Any and All Notes as the “Any and All Tender Offer” and our offer to purchase the Waterfall Notes as the “Waterfall Tender Offer.” The Any and All Tender Offer and the Waterfall Tender Offer are each referred to herein as an “Offer” and collectively as the “Offers. Capitalized terms used in this press release but not otherwise defined have the meaning given in the Offer to Purchase. The following table sets forth certain information relating to the Notes and the Offers:"



...

Tags:

8 views0 comments

Comments


bottom of page