Televisa (TV) raises MXN 6.9B in mandatory convertible debenture issue

Rhea-AI Filing Summary

Grupo Televisa, S.A.B. issued zero-coupon mandatory convertible debentures for $6,917,800,007.42 Mexican pesos, as approved at its April 28, 2026 extraordinary shareholders’ meeting. These debentures will convert into Series A, B, D, L shares and/or CPOs one year after issuance, subject to regulatory approvals.

The shares issued upon conversion will represent 19.48% of Televisa’s capital stock and will be subject to a one-year lock-up after conversion. Proceeds will be used for general corporate purposes, including potential strategic telecom transactions in Mexico, capital expenditures and debt prepayment.

The debentures were privately placed with several investors, including Emilio Azcárraga Jean, Bernardo Gómez Martínez, Alfonso de Angoitia Noriega, Fintech Latam S.à r.l. and Eduardo Tricio Haro. After conversion, Fintech is expected to hold a 22.3% direct and indirect stake and has characterized its investment as passive.

Insights

Capital markets analyst

Televisa raises MXN 6.9B via a dilutive, locked-up mandatory convertible.

Televisa has issued zero-coupon mandatory convertible debentures totaling $6,917,800,007.42, scheduled to convert into equity in one year. The conversion will create new Series A, B, D, L shares and/or CPOs representing 19.48% of the company’s capital stock.

This structure raises equity-linked capital without cash interest, but it embeds future dilution when the debentures convert. The one-year post-conversion lock-up on new shares may temper immediate secondary selling pressure while still permanently increasing the share count once conversion occurs.

Proceeds are earmarked for general corporate purposes, including potential strategic telecom transactions, capex, or debt prepayments, but specific projects are not detailed. Fintech Latam S.à r.l. is set to reach a 22.3% stake and labels its position as passive, which shapes governance expectations without implying an activist role.

Key Figures

Mandatory convertible size: $6,917,800,007.42 Mexican pesos Equity represented on conversion: 19.48% of capital stock Fintech ownership post-conversion: 22.3% of capital stock +3 more

6 metrics

Mandatory convertible size $6,917,800,007.42 Mexican pesos Total principal amount of zero-coupon mandatory convertible debentures

Equity represented on conversion 19.48% of capital stock Portion of Televisa’s capital stock new shares will represent once converted

Fintech ownership post-conversion 22.3% of capital stock Fintech Latam’s direct and indirect participation after debenture conversion

Conversion period 1 year Mandatory conversion date is one year after issuance

Lock-up period 1 year New shares subject to one-year lock-up following conversion

Pricing reference window 30 calendar days VWAP period for CPOs used to determine subscription price

Key Terms

mandatory convertible debentures, zero-coupon, lock-up period, extraordinary general shareholders’ meeting, +2 more

6 terms

mandatory convertible debentures financial

"the Company issued zero-coupon mandatory convertible debentures (obligaciones forzosamente convertibles) into shares"

zero-coupon financial

"today the Company issued zero-coupon mandatory convertible debentures"

lock-up period financial

"will be subject to a one-year lock-up period following conversion of the Convertible Debentures"

A lock-up period is a fixed time after a stock offering during which company insiders and early investors are legally barred from selling their shares. It matters because when that restriction expires a large block of previously locked-up shares can enter the market at once, potentially lowering the stock price or spiking trading volume—like opening a floodgate—so investors monitor these dates to anticipate price moves and manage risk.

extraordinary general shareholders’ meeting regulatory

"in compliance with the resolutions adopted by the Company’s extraordinary general shareholders’ meeting held on April 28, 2026"

passive in nature financial

"Fintech will have a participation... and has informed the Company that its investment is passive in nature"

volume-weighted average trading price financial

"taking into account the volume-weighted average trading price of the CPOs during the 30 calendar days prior"

Volume-weighted average trading price (VWAP) is the average price of a stock over a trading period, where each trade’s price is weighted by how many shares changed hands, so big trades move the average more than small ones. Investors use VWAP as a benchmark to tell whether they bought or sold at a good price compared with the market’s trading activity—like checking if your grocery bill was close to the store’s typical daily average when many customers shopped.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of June, 2026

Commission File Number: 001-12610

GRUPO TELEVISA, S.A.B.

(Translation of registrant’s name into English)

Av. Vasco de Quiroga No. 2000, Colonia Santa Fe 01210 Mexico City, Mexico

(Address of principal executive offices)

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

Form 20-F ☒  Form 40-F ☐ 

    Investor Relations PRESS RELEASE

Televisa informs

Mexico City, June 3, 2026 – Grupo Televisa, S.A.B. (“Televisa” or the “Company”; NYSE:TV; BMV: TLEVISA CPO) announces that, in compliance with the resolutions adopted by the Company’s extraordinary general shareholders’ meeting held on April 28, 2026, today the Company issued zero-coupon mandatory convertible debentures (obligaciones forzosamente convertibles) into shares in the amount of $6,917,800,007.42 Mexican pesos (the “Convertible Debentures”).

The Convertible Debentures will not accrue interest and will be mandatorily converted into Series “A”, “B”, “D” and “L” shares of the Company and/ or ordinary participation certificates (“CPOs”) on the date that is one year following their issuance, subject to obtaining the applicable regulatory authorizations. The shares issued to support the conversion of the debentures will represent 19.48% of the Company’s capital stock once converted and will be subject to a one-year lock-up period following conversion of the Convertible Debentures, during which such shares may not be transferred to third-parties.

The subscription price of the Convertible Debentures was determined based on market price, taking into account the volume-weighted average trading price of the CPOs during the 30 calendar days prior to the issuance of the debentures.

The proceeds from the issuance will be used by the Company for general corporate purposes, including potential strategic transactions in the Mexican telecom sector, capital expenditures or prepayment of indebtedness.

The Convertible Debentures were privately placed and were subscribed by various investors including Messrs. Emilio Azcarraga Jean, Bernardo Gómez Martinez and Alfonso de Angoitia Noriega, as well as Fintech Latam S.á r.l. (“Fintech”) and Mr. Eduardo Tricio Haro. Once the debentures are converted, Fintech will have a participation, directly and indirectly, of 22.3% of the Company’s capital stock and has informed the Company that its investment is passive in nature, for which it has entered into the corresponding agreement.

In order to maintain the capital structure and the proportion of the Company’s Series “A” shares relative to the other share series and comply with the requirements under the law and its bylaws, Messrs. Azcárraga, Gómez, and Angoitia subscribed for Convertible Debentures that will convert into Series “A” shares of the Company under the same terms and at the same price per share.

About Televisa

Grupo Televisa S.A.B. (“Televisa”) is a major telecommunications company that owns and operates one of the most significant cable network groups as well as a leading direct-to-home satellite pay television system in Mexico. Televisa’s cable networks offer integrated services, including high-speed data, video, mobile, and voice to residential and commercial customers as well as telecommunications managed services to domestic and international enterprises. Televisa also offers pay television and broadband services through its direct-to-home satellite system. Televisa holds a number of concessions by the Mexican government that authorizes it to broadcast programming over television stations for the signals of TelevisaUnivision, Inc. (“TelevisaUnivision”), and Televisa’s cable networks and satellite system. In addition, Televisa is the largest shareholder of TelevisaUnivision, a leading media company producing, creating, and distributing Spanish-speaking content through several broadcast channels in Mexico, the U.S. and, over 50 countries through television networks, cable operators, and over-the-top or OTT services.

Disclaimer

This press release contains forward-looking statements regarding the Company’s results and prospects. Actual results could differ materially from these statements. The forward-looking statements in this press release should be read in conjunction with the factors described in “Item 3. Key Information – Forward-Looking Statements” in the Company’s Annual Report on Form 20-F, which, among others, could cause actual results to differ materially from those contained in forward-looking statements made in this press release and in oral statements made by authorized officers of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

Investor Relations

www.televisair.com.mx

Tel: (52 55) 5261 2445

Rodrigo Villanueva, VP, Head of Investor Relations / rvillanuevab@televisa.com.mx

Andrés Audiffred, Investor Relations Director / aaudiffreda@televisa.com.mx

Nicolás Espinoza, Investor Relations Manager/ nespinozam@televisa.com.mx

Media Relations

Tel: (52 55) 5224 6420

Rubén Acosta, Communications General Director / racostamo@televisaunivision.com

Florencia López de Rodas, Communications and Media Director /  flopezd@televisa.com.mx

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		GRUPO TELEVISA, S.A.B.
		(Registrant)
Date: June 4, 2026		By:		/s/ Luis Alejandro Bustos Olivares
		Name:		Luis Alejandro Bustos Olivares
		Title:		Legal Vice President and General Counsel

FAQ

What financing did Grupo Televisa (TV) announce in this 6-K filing?

Grupo Televisa issued zero-coupon mandatory convertible debentures totaling $6,917,800,007.42 Mexican pesos. These securities will convert into Series A, B, D, L shares and/or CPOs in one year, subject to regulatory approvals, providing equity-linked funding without cash interest payments.

How much of Televisa’s equity will the new convertible debentures represent?

Upon conversion, the new shares from the debentures will represent 19.48% of Televisa’s capital stock. This means a significant future increase in the number of outstanding shares when the mandatory conversion occurs after the one-year period, assuming regulatory approvals are obtained.

When will Televisa’s mandatory convertible debentures convert into shares?

The mandatory convertible debentures will convert into Televisa shares and/or CPOs one year after their issuance, subject to required regulatory authorizations. After conversion, the resulting shares will then face an additional one-year lock-up during which they cannot be transferred to third parties.

What will Fintech Latam’s ownership be in Grupo Televisa (TV) after conversion?

Following conversion of the debentures, Fintech Latam S.à r.l. is expected to hold a 22.3% direct and indirect participation in Televisa’s capital stock. Fintech has informed the company that this investment is passive in nature and has entered into a corresponding agreement reflecting that stance.

How will Grupo Televisa (TV) use the proceeds from the convertible debentures?

Televisa plans to use the debenture proceeds for general corporate purposes, including potential strategic transactions in the Mexican telecom sector, capital expenditures, or prepayment of indebtedness. The filing does not tie the funds to any single specific project or acquisition.

Who subscribed to Grupo Televisa’s new mandatory convertible debentures?

The debentures were privately placed with various investors, including Emilio Azcárraga Jean, Bernardo Gómez Martínez, Alfonso de Angoitia Noriega, Fintech Latam S.à r.l., and Eduardo Tricio Haro. Some of these investors are closely associated with Televisa’s existing shareholder and leadership base.

How was the subscription price for Televisa’s convertible debentures determined?

The subscription price was set based on market price, using the volume-weighted average trading price of Televisa’s CPOs over the 30 calendar days prior to issuance. This pricing method links the debentures’ economic terms to recent market valuations of the company’s listed securities.