S&C Advises TelevisaUnivision on $755 Million Notes Offering

TelevisaUnivision's subsidiary, Univision Communications (Univision), closed an offering of $755 million of 8.5% senior secured notes due 2031.

The notes are a reopening of an existing series of notes of which Univision issued $500 million in principal amount in June 2024, which S&C also advised on. Univision used the net proceeds, together with cash on hand, to prepay all of the remaining outstanding principal amount of its 2026 Term Loans.

TelevisaUnivision is the world's leading Spanish-language content and media company. Powered by the largest library of owned Spanish-language content and industry-leading production capabilities, TelevisaUnivision informs viewers with news, sports and entertainment content across broadcast and cable television, audio and digital platforms.

This transaction marks the third debt offering for Univision that S&C has advised on in 2024.

The S&C team advising on this transaction included John Estes, Audra Cohen, James Shea, Joyce Kwok, Estefania Souza, Matthew Deorocki and Jenna Paliughi. Davis Wang, Jeff Hochberg, Eli Dubin and Sizhuang Miao advised on tax matters.