Go to deals
TMT

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

Arseny Lepiavka

Managing Partner
Mexico City, Mexico
Oaklins ZIMMA

Related deals

Winking Studios Limited completes a secondary fundraising of US$20 million
Other Industries | TMT

Winking Studios Limited completes a secondary fundraising of US$20 million

Winking Studios has successfully raised US$20 million to fund its business strategy and future plans, such as strategic acquisitions, alliances and joint ventures as well as secondary or dual listings, to grow the group’s market share and broaden its customer base globally.

Learn more
Haufe-Lexware Real Estate AG has been acquired by Aareon Group, a portfolio company of Advent International
Real Estate | TMT

Haufe-Lexware Real Estate AG has been acquired by Aareon Group, a portfolio company of Advent International

The Haufe Group SE has sold Haufe-Lexware Real Estate AG to Aareon Group.

Learn more
Bookwire enters into a long-term strategic partnership with IPG
TMT

Bookwire enters into a long-term strategic partnership with IPG

Bookwire, a Germany-based portfolio company of VR Equitypartner, has acquired the digital distribution business of Independent Publishers Group (IPG) and entered into a long-term strategic partnership. Both Bookwire and IPG will continue to focus on their respective specialties, with IPG providing exceptional comprehensive distribution solutions for independent publishers and Bookwire specializing in the worldwide digital distribution of ebooks and audiobooks.

Learn more