Simpson Thacher represented the initial purchasers, led by BofA Securities, in connection with a Rule 144A/Regulation S offering by Univision Communications Inc., a wholly owned subsidiary of TelevisaUnivision, Inc., of $700 million aggregate principal amount of additional 8.000% Senior Secured Notes due 2028. The additional notes constituted a reopening of the $500 million principal amount of notes initially issued on August 7, 2023 increasing the aggregate principal amount of the series to $1.2 billion.
TelevisaUnivision intends to use the net proceeds from this offering, together with cash on hand, to redeem approximately $700.0 million of the outstanding aggregate principal amount of its Senior Secured Notes due 2025, including any costs, fees and expenses in connection therewith.
TelevisaUnivision is a global media company that entertains, informs and empowers Hispanics with news, sports and entertainment content across broadcast and cable television, audio and digital platforms.
The Simpson Thacher team for the transaction included Todd Crider, Marisa Stavenas, John O’Connell, Kirsten Davis, Winnie Loureiro, Erin Camia and Jack Ligon (Capital Markets); Ismael Duran and Jomar Vargas (Banking & Credit); Jon Pall (Collateral); Michael Mann (Tax); Jeanne Annarumma, Andrew Kofsky and Pasco Struhs (Executive Compensation and Employee Benefits); Courtney Welshimer and Kate Mirino (Intellectual Property); Toby Chun and Noreen Lavan (Environmental); Timothy Gallagher (Real Estate); and Jennie Getsin (Blue Sky).