Grupo Radio Centro has restructured its public debt
August 2020 — 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.
Our role in the transaction
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
Related deals
Boeser Frischfleisch has secured financing for the acquisition of Vion Crailsheim
Boeser Frischfleisch GmbH has secured financing in connection with the acquisition of the Crailsheim site from Vion Group. The site specializes in the slaughtering and cutting of cattle and pigs and plays an important role in the southern German meat industry. Through the acquisition, Boeser Frischfleisch expands its value chain and strengthens its position in a market characterized by ongoing structural change and consolidation.
Learn moreTechnolignes builds an Eastern Canada leader with the acquisition of C3F Telecom
C3F Telecom Inc. has been acquired by Technolignes as part of its strategy to build a leading telecommunications infrastructure platform across Eastern Canada. The transaction brings together two highly complementary businesses, combining C3F’s engineering and network design expertise with Technolignes’ established field construction capabilities and regional presence. Together, the companies are well positioned to deliver end-to-end telecommunications infrastructure solutions to telecom operators, municipalities and public sector clients across a broader geographic footprint.
Learn moreOEP Danzig BidCo has completed a mandatory tender offer for the shares of Digital Value
OEP Danzig BidCo S.p.A. has completed a mandatory tender offer for the shares of Digital Value S.p.A.
Learn more