The Spanish Television Network, CaribeVision owned by Pegaso TV and Barba Television has announced that they have signed a financing agreement with Banco Santander Puerto Rico that consists of $13 million for the business growth of CaribeVision Television Networks and its future incorporation into 70% of the U.S.
market. Jose R. Gonzalez, President and CEO of Santander Puerto Rico, and Angel Santamaria, CFO of CaribeVision have signed the agreement at the Banco Santander headquarters in San Juan, Puerto Rico.
Angel Santamaria, CFO of CaribeVision said “The involvement of Santander Puerto Rico in this major transaction exhibits the broad and profitable relationship we have with the Bank, and its commitment towards our shareholders Telecinco, Grupo Pegaso, Quantek and Barba TV, For CaribeVision it is a pleasure to enter into this undertaking with an institution of Santander’s caliber and reputation. This is a Spanish-language project that involves clients, suppliers and shareholders of great importance to the Latin business environment.”
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