TelevisaUnivision’s subsidiary, Univision Communications, completed a series of transactions to refinance its approximately $1.4 billion outstanding 8.000% Senior Secured Notes due 2028 by closing a tender offer to purchase any and all of such notes. The tender offer was financed using the proceeds of a new offering under Rule 144A/Regulation S of $1.5 billion aggregate principal amount of 8.875% Senior Secured Notes due 2033.
TelevisaUnivision is the world’s leading Spanish-language content and media company. Powered by the largest library of owned Spanish-language content and industry-leading production capabilities, TelevisaUnivision informs and empowers Hispanics with news, sports and entertainment content across broadcast and cable television, audio and digital platforms.
The S&C team advising on the transaction included John Estes, James Shea, Joyce Kwok, Renata Mascarenhas, Andrea González Morales, Sergio Garrido Vallespí and Miranda Murillo. Rachel Schatz and Jordan Cohen advised on secured financing matters. Jeff Hochberg, Eric Wang, Michael Orchowski and Julia Fleurantin advised on tax matters. Saul Brander and Sizhuang Miao advised on ERISA matters.