PRISA launches the issue of 100 million in convertible bonds: advisors

Promotora de Informaciones (PRISA), a leading business group in the creation and distribution of educational content, information and entertainment in the Spanish and Portuguese-speaking markets, in the framework of a new issue of subordinated debentures necessarily convertible into newly issued shares of PRISA, with recognition of the pre-emptive subscription rights of its shareholders.

The issue is for a maximum nominal amount of up to EUR 100 million and is being carried out through a public offer for subscription (IPO), which has required the preparation of a prospectus that has been approved by the Spanish Securities and Exchange Commission (CNMV).

Legal Advisors

Ecija has advised PRISA with a team formed by Miguel Sánchez, partner in charge of the Capital Markets area of ECIJA, Alfonso Peña and Javier Pereña, lawyers of the Capital Markets team of ECIJA, and the collaboration of the Competition, Tax and Litigation areas.

Latham & Watkins on the fit of the transaction in the refinancing agreements.

Uría Menéndez as legal counsel to JB Capital Markets and Société Générale, acting as joint global coordinators and bookrunners, with a team formed by Javier Redonet (partner, Capital Markets, Madrid); Violeta Pina (counsel, Tax, Madrid); Alfonso José Bernar (principal associate, Capital Markets, Madrid); Carmelo de Andrés (senior associate, Tax, Madrid) and Lucía Berrícano (associate, Capital Markets, Madrid).

Julia Gil