Le Lézard
Classified in: Sports and recreation
Subjects: Funding, Bond Issue

TelevisaUnivision Announces Pricing of $400 Million Notes Offering


TelevisaUnivision, Inc., the leading Spanish-language content and media company in the world, today announced that its wholly-owned subsidiary, Univision Communications Inc. (the "Company"), has priced its offering of $400 million aggregate principal amount of 7.375% senior secured notes due 2030 (the "Notes"). The Notes are being offered as a further issuance of, and will be consolidated with and form a single series with, the $500 million aggregate principal amount of 7.375% senior secured notes due 2030 that were originally issued on June 24, 2022. The offering of the Notes is expected to close on or about August 26, 2022, subject to customary closing conditions.

The Company intends to use the net proceeds from the offering, together with cash on hand, to prepay approximately $400 million aggregate principal amount of its term loans due 2024, which prepayment is expected to occur substantially concurrently with the closing of this offering.

The Notes are general senior secured obligations of the Company and will be guaranteed by all of the Company's wholly-owned domestic subsidiaries that guarantee the obligations under the Company's senior secured credit facilities and existing senior secured notes.

The Notes and the related subsidiary guarantees are being offered to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act. The Notes and the related subsidiary guarantees have not been registered under the Securities Act and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements of the Securities Act.

This release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any 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 any such jurisdiction.

About TelevisaUnivision

As the leading Spanish-language media and content company in the world, TelevisaUnivision features the largest library of owned content and industry-leading production capabilities that power its streaming, digital and linear television offerings, as well as its radio platforms. The Company's media portfolio includes the broadcast networks Univision and UniMás in the U.S. and Las Estrellas and Canal 5 in Mexico, as well as cable networks, including Galavisión and TUDN, in the U.S. and Mexico. TelevisaUnivision also owns and manages television stations across the U.S., production studios across the U.S. and Mexico, and global streaming services including ViX.

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained within 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 of these terms, and similar expressions intended to identify forward-looking statements. The forward-looking statements contained in this press release include, but are not limited to, statements related to the offering of the Notes and the use of proceeds therefrom.

You are cautioned not to place undue reliance on our forward-looking statements. These forward-looking statements involve many 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 views with respect to future events and are based on assumptions and are subject to risks and uncertainties. Also, 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 statements to reflect events or circumstances occurring after the date that the forward-looking statement was made. Actual results may differ materially due to these risks and uncertainties.


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News published on 18 august 2022 at 18:40 and distributed by: