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Grupo Televisa prices $750M offering of senior notes

Grupo Televisa SAB priced a $750 million aggregate principal amount of 5.250% senior notes due 2049.

The sale of the notes is expected to close May 24, subject to customary closing conditions.

The company intends to use the net proceeds of about $739.4 million for general corporate purposes, which may include repayment or repurchase of existing debt, according to May 22 SEC filing.

BBVA Securities Inc., Citigroup Global Markets Inc. and Goldman Sachs & Co. LLC acted as joint book-running managers for the offering of the notes.