TV Azteca, in bond dispute, posts strong Q4 results

TV Azteca, Mexico, football, LatAm, Grupo Salinas, Ricardo Salinas Pliego, Hugo Gonzalez, 575
By Oliver West
25 Feb 2021

Mexican broadcaster TV Azteca, which missed a coupon payment on its international bond earlier this month amid plans for a 'debt reorganisation', surprised analysts by posting strong fourth quarter results this week.

On February 9, TV Azteca — which is owned by controversial Mexican billionaire Ricardo Salinas Pliego — failed to make a $16.5m payment on its $400m of 8.25% August 2024s. The firm hired Moelis & Co and Alfaro, Dávila y Scherer to advise on what it is ...

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