Simpson Thacher represented the initial purchasers, led by J.P. Morgan Securities LLC, in connection with a Rule 144A/Regulation S offering by Univision Communications Inc. (“UCI”), a wholly-owned subsidiary of TelevisaUnivision, Inc., of $1.5 billion aggregate principal amount of 9.375% Senior Secured Notes due 2032.
UCI intends to use the net proceeds from the offering, together with cash on hand, to redeem in full its outstanding 6.625% Senior Secured Notes due 2027.
TelevisaUnivision is a global media company that entertains, informs and empowers consumers with Spanish language news, sports and entertainment content across broadcast, cable, streaming, digital and audio platforms.
The Simpson Thacher team for the transaction included John O’Connell, Todd Crider, Kirsten Davis, Matt Petrone, Maggie Selbe, Erin Camia and Taylor J. Cowan (Capital Markets); Jon Pall (Collateral); Michael Mann (Tax); Courtney Welshimer and Paige Brinton (Intellectual Property); Jeanne Annarumma, Andrew Kofsky and Pasco Struhs (Executive Compensation and Employee Benefits); Timothy Gallagher (Real Estate); and Jennie Getsin (Blue Sky).