Univision starts tender for its $750 million of 7 7/8% notes due 2020

New York, April 14 – Univision Communications Inc. said it has begun a cash tender offer for its $750 million of 7 7/8% senior secured notes due 2020.

The company is offering to pay $1,076.85 per $1,000 principal amount of the notes. Holders will also receive accrued interest up to but excluding the settlement date, according to a news release.

The tender ends at 5 p.m. ET on April 20.

Completion of the tender is subject to conditions, including the completion of debt financing transactions that raise sufficient funds to pay for the tender.

Univision priced an $810 million add-on to its 5 1/8% senior secured notes due 2025 on Monday.

Deutsche Bank Securities Inc. (855 287-1922 or 212 250-7527), BofA Merrill Lynch (888 292-0070 or 980 388-3646), Barclays (800 438-3242 or 212 528-7581), Credit Suisse Securities (USA) LLC (212 325-2476 or 800 820-1653), J.P. Morgan Securities LLC (212 270-1200 or 800 245-8812), Wells Fargo Securities, LLC (866 309-6316 or 704 410-4760), Natixis Securities Americas LLC (212 891-6206) and Mizuho Securities USA Inc. (212 205-7736) are the dealer managers. Global Bondholder Services Corp. (866 470-4300 or 212 430-3774) is the information agent.

Univision is a New York-based media company focusing on the Hispanic market.

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