Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Borrowings (Tables)

v3.20.1
Borrowings (Tables)
12 Months Ended
Dec. 31, 2019
Borrowings Tables Abstract  
Schedule of long-term debt
      2019     2018  
Line of credit with MCRF P, S.A. de C.V. SOFOM, E.N.R. of Ps. 600,000, bearing interest at a fixed rate of 13.10%. This line of credit is payable on a quarterly basis starting May 15, 2019 through May 15, 2023. BLSM Latino América Servicios, S.A. de C.V., is a guarantor in this loan.     Ps. 516,597       592,252  
                     
Secured line of credit with Banamex, for up to Ps. 400,000, bearing interest at the TIIE rate plus 317 basis point. Withdrawals from this line of credit can be made during a 10-month period starting December 15, 2018, and are payable on a quarterly basis from December 17, 2019 up to December 18, 2025.         135,209       50,000  
                     
Unsecured line of credit with Banamex, for up to Ps. 80,000, bearing interest at the TIIE rate plus 275 basis points (renewable on a yearly basis).         15,000       -  
                     
Unsecured line of credit with Banamex, for up to US$ 1,800, bearing interest at LIBOR rate plus 300 basis point. Maturity was on March 31, 2018.         -       -  
                     
Interest payable         10,907       11,227  
                     
Total debt         677,713       653,479  
                     
Less: Current portion         148,070       90,691  
                     
Long-term debt     Ps. 529,643       562,788  
Schedule of cash flows arising from financing activities

        Long-term
debt
    Interest
payable
    Derivative
financial
instruments, net
 
                       
Balances as of January 1, 2018 (1)     Ps. 607,250       10,043       -  
                             
Changes that represent cash flows -                            
Loans obtained         50,667       -       -  
Restricted cash         (2,001 )     -       -  
Payments         (36,829 )     (85,159 )     -  
Commissions and debt issuance cost         (667 )     -       -  
                             
Changes that do not represent cash flows -                            
Interest expense         -       86,343       -  
Valuation effects of derivative financial instruments         -       -       16,629  
Amortization of commissions and debt issuance cost         1,744       -       -  
                             
Balances as of December 31, 2018 (1)     Ps. 620,164       11,227       16,629  
Changes that represent cash flows -                            
Loans obtained         104,500       -       -  
Restricted cash         22,940       -       -  
Payments         (82,996 )     (76,465 )     -  
Commissions and debt issuance cost         -               -  
                             
Changes that do not represent cash flows -                            
Interest expense         -       85,429       -  
Borrowing costs capitalized on PP&E         -       (9,284 )        
Valuation effects of derivative financial instruments         -       -       15,680  
Amortization of commissions and debt issuance cost         2,198       -       -  
Balances as of December 31, 2019     Ps. 666,806       10,907       32,309  

 

(1) Balances in column "Long-term debt", are presented net of restricted cash balances as of December 31, 2018. See Note 5 for details about restricted cash.
Schedule of long-term debt maturities
Year       Amount  
           
2021     Ps. 185,447  
2022         169,312  
2023         245,343  
2024         23,611  
2025         54,000  
      Ps. 677,713