TV AZTECA COMPLETES MEDIATION WITH BONDHOLDERS
MEXICO CITY, Nov. 14, 2023 /PRNewswire/ -- TV Azteca, S.A.B. de C.V. (BMV: AZTECACPO; Latibex: XTZA) (the "Company" or "TV Azteca"), one of the two largest producers of Spanish-language television programming in the world, announced that it has completed court-supervised mediation proceedings with an ad hoc group of unaffiliated holders (the "Holders") of the Company's Senior Notes due 2024 and The Bank of New York Mellon, the trustee under the notes.
- MEXICO CITY, Nov. 14, 2023 /PRNewswire/ -- TV Azteca, S.A.B.
- For a period of 67 days beginning on September 7, 2023, the Company, the trustee and the Holders participated in a U.S. court-ordered mediation supervised by Retired Bankruptcy Judge Kevin J. Carey.
- At the conclusion of the mediation, the parties were unable to reach a consensual resolution.
- Pursuant to the confidentiality agreements, the Company agreed to publicly disclose the necessary Cleansing Materials (as defined in the confidentiality agreements) following conclusion of the mediation.