Azteca Holdings Redeems in Full Its US$60 Million Notes Due 2005 - Also Amortizes US$24 Million and US$2 Million Maturities of its 2008 Notes - MEXICO CITY, June 15 /PRNewswire-FirstCall/ -- Azteca Holdings, S.A. de C.V., the controlling shareholder of TV Azteca, S.A. de C.V., one of the two largest producers of Spanish-language television programming in the world, announced today that it redeemed its 12 1/2% Senior Notes due June 15, 2005, with an outstanding balance of US$60 million. The source funds for the redemption come from private financial institutions and investors. The company also amortized maturities of US$24 million from its 12 1/4% Notes, and US$2 million from its 10 3/4% Notes, due 2008. Azteca Holdings, the owner of 55% of the capital stock of TV Azteca, received US$32 million from a US$59 million distribution to shareholders made by TV Azteca on June 9, as part of an ongoing cash distribution plan. Azteca Holdings used the proceeds to amortize US$26 million in maturities, and to make corresponding interest payments on its total debt. The US$26 million amortization, when added to prior debt reductions made by Azteca Holdings since July 2003 of approximately US$113 million, represents a reduction of the company's total debt by US$139 million, or 50%, to US$140 million from US$279 million. "We are committed to continue satisfying our obligations following the schedule of our maturities, which entails being debt free by 2009," said Diego Foyo, Chief Executive Officer of Azteca Holdings. "In the process we are substantially strengthening our capital structure, further reducing interest expense, and at the same time eliminating the risk of the holding company selling TV Azteca shares to cover this debt." TV Azteca shareholders have approved additional cash distributions for 2005 under the ongoing disbursement plan, of approximately US$21 million to be made on December 1. Azteca Holdings expects to use its corresponding portion of the proceeds to make interest payments. Company Profile Azteca Holdings, S.A. de C.V. is a holding company whose principal asset is 55% of the capital stock of TV Azteca, S.A. de C.V. TV Azteca is one of the two largest producers of Spanish-language television programming in the world, operating two national television networks in Mexico, Azteca 13 and Azteca 7, through more than 300 owned and operated stations across the country. TV Azteca's affiliates include Azteca America, operator of a broadcast television network focused on the rapidly growing United States Hispanic market; and Todito.com, operator of an Internet portal for North American Spanish speakers. Except for historical information, the matters discussed in this press release are forward-looking statements and are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Risks that may affect Azteca Holdings are identified in its Form 20-F and other filings with the US Securities and Exchange Commission. DATASOURCE: Azteca Holdings, S.A. de C.V. CONTACT: Hector Romero, CFO of Azteca Holdings, +011-5255-3099-0060 Web site: http://www.tvazteca.com.mx/

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