Univision extends deadline of tender offer for 9¾%/10½% senior notes

By Marisa Wong

Madison, Wis., Nov. 10 - Univision Communications Inc. said that it has extended the expiration time of its previously announced cash tender offer for up to $460 million of its $1.75 billion of outstanding 9¾%/10½% senior notes due 2015 to 12:01 a.m. ET on Dec. 8 from 5 p.m. ET on Dec. 7.

As previously reported, holders who tender their notes before 5 p.m. ET on Nov. 22, the early tender time, will receive the total consideration of $1,070 per $1,000 principal amount of notes, which includes a $30 early tender consideration.

Holders who tender their notes after the early tender time but at or before the expiration time will receive the tender offer consideration of $1,040 per $1,000 of notes, which is equal to the total consideration less the early tender consideration.

In addition, the company will pay accrued interest up to but excluding the settlement date.

The tender offer depends on the completion of one or more debt financing transactions to fund the purchase of accepted notes but is not conditioned on any minimum amount of notes being tendered.

The principal amount of notes purchased from any individual holder may be prorated.

Deutsche Bank Securities Inc. (866 627-0391 or 212 250-6429) is the dealer manager for the offer.

Univision is a Los Angeles-based Spanish-language media company.

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