Univision tenders for remaining $283.9 million 9¾%/10½% senior notes

By Marisa Wong

Madison, Wis., Jan. 25 - Univision Communications Inc. began a tender offer to purchase any and all of its outstanding 9¾%/10½% senior notes due 2015, according to a company news release. The company currently has $283.9 million of the notes outstanding.

The tender offer began on Jan. 24 and will expire at midnight ET on Feb. 18.

Holders who tender their notes before 5 p.m. ET on Feb. 4, the early tender time, will receive the total consideration of $1,053.75 per $1,000 principal amount of notes, which includes a $30.00 early tender consideration.

Holders who tender their notes after the early tender time will receive the tender offer consideration of $1,023.75 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 applicable settlement date.

The company completed a recent tender offer for $1,005,000,000 of the notes on Jan. 24.

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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