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
Managing PartnerMexico City, Mexico
AssociateMexico City, Mexico
Devecto Oy has been acquired by Gofore Oyj
The shareholders of Devecto Oy have sold the entire share capital of the company to Gofore Oyj.Learn more
Page Publishing Consortium has received a significant investment from Serata Capital Partners
Page Publishing Consortium, a leader in the self-publishing services space, has received a significant investment from Serata Capital Partners (SCP). Serata built a relationship with the founders of the business over the course of more than a year, and completed its partnership in late December 2021.Learn more
City Service Digital has acquired Starlit
Facility management group City Service Digital strengthens its presence in digital solutions for the residential facility management sector by acquiring Starlit s.r.o.Learn more