Telefonica is considering providing a loan to Melisa Acquisition to support the firm’s purchase of the telecommunications company’s Mexican subsidiary. The potential financing arrangement follows an agreement reached in April for a deal valued at $450 million, according to sources familiar with the matter cited by Bloomberg.
The move suggests that the buying consortium is facing liquidity constraints while attempting to finalize the acquisition. The proposed loan would facilitate the completion of the divestment process, which has encountered challenges in structuring the payment terms. Telefonica has not publicly detailed the specific financial terms of the ongoing negotiations or confirmed the potential credit extension to the buyers.