NYT Names Its Seven Spanish Angels

(MoneyWatch)  In what amounts to a mere footnote to this week's earlier SEC filing detailing the terms of the $250 million investment in The New York Times by the world's second-richest man, Carlos Slim Helú, late today the Times filed a note detailing the additional names of the extended Slim clan.

The financial deal, which initially is in the form of a loan with a robust interest rate of 14 percent, allows Slim and his family members to convert into warrants that will represent a very large portion of the company's outstanding Class A stock.

Various analysts have noted that there are a number of beneficial tax consequences for the company due to this financial structure, partly as the downgraded Times stock maintains only "junk" status.

In any event, today's SC 13G/A filing to the SEC, the Times reveals there are six additional Slims besides the mogul who as principals in the two companies through which the funds to the Times are flowing -- Inmobiliaria Carso, S.A. de C.V, and Grupo Financiero Inbursa, S.A.B. de C.V.(GFI).
Their names are Carlos Slim Domit, Marco Antonio Slim Domit, Patrick Slim Domit, María Soumaya Slim Domit, Vanessa Paola Slim Domit, and Johanna Monique Slim Domit, each of whom is listed as a Mexican citizen. The members of the Slim Family are beneficiaries of a Mexican trust which in turn owns all of the outstanding voting securities of Inmobiliaria and a majority of the outstanding voting equity securities of GFI.

Eventually, it would seem that investigative reporters would have a field day tracking down all the various operations involving this extended Slim clan. Be that as it may, it appears that the Sulzberger-Slim marriage is firmly in the books, no uncomfortable questions asked, nor answered.