NEW YORK–(BUSINESS WIRE)–June 9, 2022–
TelevisaUnivision, Inc. (the “Company”), the world’s leading Spanish-language content and media company, today announced that its wholly-owned subsidiary, Univision Communications Inc., has priced its offering of 500 million in aggregate principal of 7.375% senior secured notes due 2030 (the “Notes”) and allocated a five-year $500 million senior secured term loan A facility (subject to a maturity) (the “Term Loan A”) and a $500 million seven-year senior secured term loan Facility B (the “Term Loan B”). The offering of the Notes and the allotment of Term Loan A and Term Loan B are expected to close on or about June 24, 2022, subject to customary closing conditions.
The Company intends to use the net proceeds from the offering of the Notes, Term Loan A and Term Loan B, together with cash on hand, to fund the repayment of the full aggregate principal amount. outstanding balance of $370 million of the Company’s 9.500% Senior Secured Shares. Notes due 2025 and the prepayment of approximately $1,130 million of aggregate principal amount of the Company’s existing term loans due 2024, both of which are expected to occur substantially concurrently with the closing of this placement.
The Notes will be general senior secured obligations of the Company and will be guaranteed by all national wholly-owned subsidiaries of the Company which guarantee the obligations under the Company’s senior secured credit facilities and the senior secured notes. existing rank.
The Securities and associated collateral security are offered to persons reasonably considered to be qualified institutional purchasers pursuant to Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons outside the United States. in accordance with Regulation S of the Securities Act. The Notes and related collateral security have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
This announcement will not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of the Notes in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
As the world’s leading Spanish-language media and content company, TelevisaUnivision has the largest library of owned content and cutting-edge production capabilities that power its streaming, digital and linear television offerings, as well as its streaming platforms. radio.
Caution Regarding Forward-Looking Statements
Certain statements contained in this press release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terms such as “anticipate”, “plan”, “may”, “intend”, “will”, “expect”, “believe”, “optimistic” or the negative form of these terms, and similar expressions intended to identify forward-looking statements. Forward-looking statements contained in this press release include, but are not limited to, statements relating to the offering of the Notes, Term Loan A and Term Loan B and the use of proceeds thereof.
You are cautioned not to place undue reliance on our forward-looking statements. These forward-looking statements involve numerous risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, general market conditions.
These forward-looking statements reflect our current beliefs regarding future events and are based on assumptions and are subject to risks and uncertainties. Additionally, these forward-looking statements present our estimates and assumptions only as of the date of this press release. We undertake no obligation to modify or revise any forward-looking statement to reflect events or circumstances occurring after the date on which the forward-looking statement was made. Actual results may differ materially due to these risks and uncertainties.
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KEYWORD: NEW YORK UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: FOOTBALL ENTERTAINMENT SPORTS OTHER SPORTS GENERAL ENTERTAINMENT TV & RADIO
SOURCE: Televisa Univision, Inc.
Copyright BusinessWire 2022.
PUBLISHED: 06/09/2022 19:58 / DISK: 06/09/2022 19:58
Copyright BusinessWire 2022.