Simpson Thacher represented the initial purchasers, led by Goldman Sachs, in connection with a Rule 144A/Regulation S offering by Univision Communications Inc. (“UCI”), a wholly owned subsidiary of TelevisaUnivision, Inc., of $500 million aggregate principal amount of 8% Senior Secured Notes due 2028.
UCI used the net proceeds from the offering, together with cash on hand, to prepay the outstanding amount of its 2024 tem loans and to fund the redemption of a portion of its 5.125% Senior Secured Notes due 2025.
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, Alejandro de Ramon-Laca, Sam Zhu and Jessica Ryan (Capital Markets); Jomar Vargas (Banking & Credit); Jon Pall (Collateral); Michael Mann (Tax); Jeanne Annarumma, Andrew Kofsky and Pasco Struhs (Executive Compensation and Employee Benefits); Lori Lesser, Courtney Welshimer, Kate Mirino and Rachelle Broida (Intellectual Property); Timothy Gallagher (Real Estate); Toby Chun and Noreen Lavan (Environmental); and Jennie Getsin (Blue Sky).