CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
OPERADORA DE SITES MEXICANOS, S.A.B. DE C.V. AND SUBSIDIARIES
d) Bank loans
An analysis of the Company's short-term bank loans as at 31 December 2022 is as follows:
Currency
Mexican pesos:
Item
Bank of America, N.A. (
Bank of America, N.A. (ii)
Total debt
Short-term
Rate
4.52%
4.52%
Maturity date
debt
Interest
payable
23 February 2023
23 February 2023
Ps.
Ps.
409,898
48,802
458,700
Ps.
1,595
Ps.
190
1,785
An analysis of the Company's long-term bank loans as at 31 December 2021 is as follows:
Currency
Mexican pesos:
Item
Bank of America, N.A. (
Bank of America, N.A. (ii)
Total debt
Rate
4.52%
4.52%
Maturity date
Short-term
debt
Interest
payable
23 February 2023
23 February 2023
Ps.
490,732
Ps.
2,468
51,148
277
Ps.
541,880
Ps.
2,744
(i)
(ii)
On 23 February 2018, the Company renewed its line of credit of USD 24,000 with Bank of America (BOFA). This loan matures on 23 February 2023 and bears interest on
outstanding balances at a rate of 4.52%. As at 31 December 2022 and 2021, the outstanding balance of this loan is Ps. 409,898 and Ps. 490,732, respectively, and interest payable
on the loan is Ps. 1,595 and Ps. 2,468, respectively. On 22 February 2023, the Company repaid USD 3,000.
On 24 May 2018, the Company renewed its line of credit of USD 2,500 with BOFA. This loan matures on 23 February 2023 and bears interest on outstanding balances at a rate of
4.52%. As at 31 December 2022 and 2021, the outstanding balance of this loan is Ps. 48,802 and Ps. 51,148, respectively, and interest payable on the loan is Ps. 190 and Ps.
277, respectively.
An analysis of the Company's short-term bank loans as at 31 December 2022 and 2021 is as follows:
Currency
Mexican pesos:
Item
Banco Santander, S.A.
Banco Inbursa, S.A. (ii)
Total debt
28-day TIIE +
basis points
Interest
Maturity date
Long-term debt
payable
6.36%
6.51%
26 January 2022
26 April 2022
Ps.
350,000
100,000
Ps.
186
72
Ps.
450,000
Ps.
258
(i)
(ii)
On 8 January 2021, the Company entered into a 12-month current account loan agreement in Mexican pesos with Banco Santander, S.A. Institución de Banca Múltiple for financing
of up to Ps. 500,000. The loan bears interest on the outstanding balance at the 28-day TIIE + 6 basis points. On 28 October 2021, the Company drew down Ps. 100,000 from this
line of credit. This drawdown matured in one month and was repaid in full on 26 November 2021.
On 28 December 2021, the Company drew down Ps. 350,000 from this line of credit. This drawdown matures in one month and bears interest at the 28-day TIIE + 6 basis points.
As at 31 December 2021, the outstanding balance of this loan is Ps. 350,000 and accrued interest payable on the loan is Ps. 186. As at 31 December 2022, the Company repaid the
loan in full.
On 28 October 2021, the Company entered into a current account loan agreement in Mexican pesos with Banco Inbursa, S.A. Institución de Banca Múltiple for financing of up to
Ps. 100,000. This loan matures on 26 April 2022 and bears interest on the outstanding balance at the 28-day TIIE + 8 basis points. As at 31 December 2021, the outstanding
balance of this loan is Ps. 100,000 and accrued interest payable on the loan is Ps. 72. As at 31 December 2022, the Company repaid the loan in full.
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