Grupo Radio Centro has restructured its public debt
Grupo Radio Centro has successfully completed a US$82.5 million public debt restructuring.
Grupo Radio Centro (BMV:RCENTRO A), one of Mexico’s leading radio broadcasting companies, engages in the production and transmission of musical and entertainment programs, information and analysis, news, and special events. The company owns and operates approximately 30 radio stations (mostly FMs), eight of them in Mexico City, and one TV broadcasting station. It is considered Mexico City’s largest radio broadcaster, holding the top five FM broadcasting stations, with a 54% audience market share. Grupo Radio Centro was founded in 1946 and is based in Mexico City.
Oaklins’ team in Mexico was retained by Grupo Radio Centro to renegotiate the terms of a three-tranche public debt issuance that totaled US$82.5 million with maturity in 2023. The team, together with the company, was able to structure and successfully negotiate an appealing and feasible amortization schedule that was approved by all bond holders. New payment terms include a single amortization in 2020 and various payments that extend up to December 2028. As part of these new conditions and in order to be able to fully pay its commitments, the company will divest its radio operations outside of Mexico City.
Talk to the deal team
PartnerMexico City, Mexico
José Luis Lanz
AssociateMexico City, Mexico
AnalystMexico City, Mexico
OFFIX Holding and Office World Holding bundled their activities into the newly formed JV Office World Group
OFFIX Holding AG and Office World Holding AG have bundled their businesses into the newly founded Office World Group AG. Office World Holding brings its subsidiaries Office World, iba and Tramondi, and OFFIX brings its companies Papedis, Ecomedia, Oridis, Office Leader and DocuServ into the new Office World Group AG. The merger creates a Swiss group that will be represented throughout the country, generating sales of approximately US$400 million with just under 600 employees.Learn more
Vivid Economics has been acquired by McKinsey & Company
The shareholders of Vivid Economics Ltd. have sold the company to McKinsey & Company.Learn more
Systal Technology Solutions has sold a minority stake to Inflexion
The owners of Systal Technology Solutions Ltd. have sold a minority stake to Inflexion Private Equity Partners LLP, a move that will help the managed network services provider continue to accelerate its international growth.Learn more