Simpson Thacher assists in re-opening of TelevisaUnivision offering
Simpson Thacher has assisted the initial purchasers, led by BofA Securities, in connection with a Rule 144A/Regulation S offering by Univision Communications, a wholly owned subsidiary of TelevisaUnivision, of $700 million aggregate principal amount of 8.000% Senior Secured Notes due 2028.
The additional notes constituted a reopening of the $500 million principal amount of notes initially issued on 7 August 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 available cash, to redeem approximately $700.0 million aggregate principal amount outstanding 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.
Simpson Thacher’s team included Todd Crider (pictured left), Marisa Stavenas (pictured centre), John O’Connell (pictured right), Kirsten Davis, Winnie Loureiro, Erin Camia and Jack Ligon from the Capital Markets team; Ismael Duran and Jomar Vargas from Banking & Credit; Jon Pall from Collateral; Michael Mann from Tax; Jeanne Annarumma, Andrew Kofsky and Pasco Struhs from Executive Compensation and Employee Benefits; Courtney Welshimer and Kate Mirino from Intellectual Property; Toby Chun and Noreen Lavan from Environmental; Timothy Gallagher from Real Estate; and Jennie Getsin from Blue Sky.
