—The company informs of its defense against the actions initiated by the unitholder trustee $400 million tickets due in 2024—
MEXICO CITY, September 30, 2022 /PRNewswire/ — TV Azteca, SAB de CV (BMV: AZTECACPO; Latibex: XTZA), one of the two largest producers of Spanish-language television programs in the world, announced that it has exercised its right of defense regarding the notice issued by The Bank of New York Mellon —trustee of the holders of the notes— who informed of the intention of an early expiry of the $400 million notes due 2024.
On August 8 TV Azteca has communicated the aforementioned notification, and the company is currently seeking to exercise the corresponding rights in accordance with applicable legislation.
The company reaffirms its commitment to maintain a constructive dialogue with the holders of securities maturing in 2024, in order to reach an agreement favorable to all interested parties.
TV Azteca will continue to implement its strategy to achieve financial and operational efficiency to ensure its long-term viability, in order to continue to provide audiences with the best broadcast television and digital content.
About TV Azteca
TV Azteca is one of the two largest producers of Spanish-language television programming in the world, operating four television networks in Mexico: Azteca uno, Azteca 7, adn40 and a+, through more than 300 owned and operated stations across the country. The company also owns TV Azteca Digital, operator of several of the most visited digital platforms and social networks in the world. Mexico. TV Azteca is a company of Grupo Salinas (www.gruposalinas.com), a group of dynamic, fast-growing and technologically advanced companies focused on creating: economic value through market innovation and goods and services that improve standard of living ; social value to improve community well-being; and environmental value by reducing the negative impact of its business activities. Created by a Mexican entrepreneur Ricardo B. Salinas 2 (www.ricardosalinas.com), Grupo Salinas operates as a management development and decision-making forum for key executives of member companies. These companies include TV Azteca (www.TVazteca.com; www.irtvazteca.com), Grupo Elektra (www.grupoelektra.com.mx), Banco Azteca (www.bancoazteca.com.mx), Purpose Financial (havepurpose.com) , Afore Azteca (www.aforeazteca.com.mx), Seguros Azteca (www.segurosazteca.com.mx), Punto Casa de Bolsa (www.puntocasadebolsa.mx), Totalplay (irtotalplay.mx; www.totalplay.com.mx ) and Totalplay Empresarial (totalplayempresarial.com.mx). TV Azteca and Grupo Elektra trade stocks on the Mexican stock market and on the Spanish Latibex market. Each of the Grupo Salinas companies operates independently, with its own management, board of directors and shareholders. Grupo Salinas does not hold any participation. The group of companies shares a common vision, values and strategies to achieve rapid growth, superior results and world-class performance.
Except for historical information, the matters discussed in this press release are concepts about the future that involve risks and uncertainties that could cause actual results to differ materially from those projected. The other risks likely to affect TV Azteca and its subsidiaries are presented in documents addressed to the securities authorities.
Such. +52 (55) 2601-5400 ext. 11502
TV Azteca, SAB de CV
Such. +52 (55) 2601-5400 ext. 11508
Such. +52 (55) 1720 1313 ext. 36553
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SOURCE TV Azteca, SAB de CV