Univision begins tender offer for $1.2 billion 6 7/8% notes due 2019

By Susanna Moon

Chicago, Feb. 11 – Univision Communications Inc. said it began a cash tender offer for its $1.2 billion of outstanding 6 7/8% senior secured notes due 2019.

The company is offering to pay $1,049.10 per $1,000 principal amount of notes plus accrued interest up to but excluding the settlement date.

The tender offer will end at 5 p.m. ET on Feb. 18.

The tender offer is contingent upon the company obtaining debt financing with enough proceeds to fund the offer, according to a company press release.

The tender offer is not conditioned on any minimum amount of notes being tendered.

Global Bondholder Services Corp. (866 470-4500 or for banks and brokers, at 212 430-3774) is the information agent.

The dealer managers are Deutsche Bank Securities Inc. (855 287-1922 or 212 250-7527 collect), BofA Merrill Lynch (888 292-0070 or 980 388-3646 call collect), Barclays (800 438-3242 or 212 528-7581 call collect), Credit Suisse Securities (USA) LLC (212 325-2476 call collect or 800 820-1653), J.P. Morgan Securities LLC (212 270-1200 call collect or 800 245-8812), Wells Fargo Securities, LLC (866 309-6316 or 704 410-4760 call collect), Natixis Securities Americas LLC (212 891-6206 call collect) or Mizuho Securities USA Inc. (212 205-7624 call collect).

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

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