SIC – Sociedade Independente de Comunicação, S.A.
SIC is a subsidiary of Impresa – Sociedade Gestora de Participações Sociais, S.A. and operates TV broadcasting, audiovisual and film production, as other media activities, namely, digital content. Additionally, the Company provides technical services in media, audiovisual and cinematographic, and digital television.
On July 2019 SIC debuted in the Portuguese stock market by issuing 1.7m bonds (“Bonds SIC 2019-2022”), with a fixed interest rate of 4,5%, raising a total amount of €51m. On June 2021, SIC issued new bonds (“Bonds SIC 2021-2025”), with a fixed interest rate of 3,95%, through an underwriting offer and an exchange offer respective to the bonds issued in 2019.
Main reasons for pursuing public financing
“We are extremely pleased with the outcome of this operation. Investors once again answered positively, confirming the confidence they have in SIC and its values. We have therefore met our goals of diversifying our sources of financing and extending the average maturity of our debt”.
Francisco Pedro Balsemão – SIC Board Member
The bond issuance performed by SIC in 2019 was the first bond issuance from a Portuguese Media Company. The operation enabled the Company to take advantage of the favourable context to raise financing, adjust its treasury plan and strengthen its financial structure significantly.
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