Televisa, Vesta draw down loans

Televisa, Vesta draw down loans

Loans Debt Corporate & Sovereign Strategy Coronavirus Mexico

Mexican mass media group Televisa said on Tuesday evening that it drew MXN14.8 billion ($607 million) from a local revolving credit line to "preserve financial flexibility in light of current uncertainty in the global markets resulting from the COVID-19 outbreak." Likewise, real estate developer Corporación Inmobiliaria Vesta said it took $85 million from a three-year revolver for $125 million. Televisa's revolver matures in March 2022 and charges 87.5 basis points over the TIIE interbank lendin

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