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Televisa draws down revolving credit on coronavirus impact

Wednesday 25 March 2020 | 12:27 CET | News
Mexican broadcaster Televisa announced that it has drawn down MXN 14.771 billion (around USD 590 million) from its revolving credit facility to improve its balance sheet and maintain sufficient financial flexibility due to the potential impact of the coronavirus on its business. In a statement, Televisa described the move as "a prudent and precautionary measure" in response to current uncertainty in the global markets resulting from the Covid-19 outbreak.

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Categories: Broadcast & Satellite
Companies: Televisa
Countries: Mexico
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