Univision to launch credit facility amend and extend on Wednesday

By Sara Rosenberg

New York, Oct. 5 - Univision Communications Inc. is scheduled to hold a conference call on Wednesday morning to launch an amendment and extension transaction, according to a market source.

The company will be asking to push out the maturity on $3.25 billion of its term loans, the source said.

The amendments would extend a substantial portion of the term loan facility due September 2014 by two-and-a-half years and the revolver due March 2014 by two years, according to a news release from the company released late Tuesday.

Deutsche Bank is leading the amendment and extension.

In addition, the company is planning $750 million of bonds, the source added.

Los Angeles-based Univision is a Spanish-language media company.

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