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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

Report of Foreign Private Issuer

 

Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934

 

For the month of December 2004

 

Commission File Number 3337776

 

TV Azteca, S.A. de C.V.

(Translation of registrant’s name into English)

 

Periférico Sur, No. 4121, Col. Fuentes del Pedregal, 14141 México D.F., México

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F x    Form 40-F ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

 

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

 

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

 

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

Yes ¨    No x

 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-             

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

Date: December 3, 2004

 

 

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TV AZTECA SUBMITS FORMAL NOTIFICATION TO PREPAY

IN FULL ITS US$300 MILLION NOTES DUE 2007

 

FOR IMMEDIATE RELEASE

 

Mexico City, November 23, 2004—TV Azteca, S.A. de C.V. (NYSE: TZA; BMV: TVAZTCA; Latibex: XTZA), one of the two largest producers of Spanish language television programming in the world, announced today that it has submitted formal notification of the prepayment on December 23, of all its US$300 million 10 1/2% Series B Guaranteed Senior Notes due February 15, 2007. The notification, submitted to bondholders, is based on the terms of the indenture governing the notes. The notes are callable at a price of 101.75 up to February 15, 2005.

 

As previously announced, the resources for the prepayment of the notes will come from the execution of a committed secured credit line denominated in pesos with Banco Inbursa, S.A., from the issuance of Structured Securities Certificates in the Mexican debt markets, or from a combination of both.

 

“The new sources of financing represent extended maturities with gradual payment schedules, further enhancing our progressive debt reduction efforts,” said Carlos Hesles, Chief Financial Officer of TV Azteca. “Additionally, the peso denominated facilities and an anticipated improvement in financial cost conditions, support solid and more predictable bottom line results going forward.”

 

Company Profile

 

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 affiliates include Azteca America Network, a broadcast television network focused on the rapidly growing US Hispanic market; and Todito.com, 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

 

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actual results to differ materially from those projected. Risks that may affect TV Azteca are identified in its Form 20-F and other filings with the US Securities and Exchange Commission.

 

Investor Relations:
Bruno Rangel		Omar Avila
5255 1720 9167 jrangelk@tvazteca.com.mx		5255 1720 0041 oavila@tvazteca.com.mx
Media Relations:
Tristán Canales		Daniel McCosh
5255 1720 5786 tcanales@tvazteca.com.mx		5255 1720 0059 dmccosh@tvazteca.com.mx