Univision to redeem $240.7 million 5 1/8% secured notes on Jan. 29

By Angela McDaniels

Tacoma, Wash., Jan. 18 – Univision Communications Inc. expects to redeem its $240.7 million outstanding principal amount of 5 1/8% senior secured notes due 2025 on Jan. 29, according to a company news release.

The company will fund the redemption with the proceeds of a $240.7 million add-on to its 8% senior secured notes due Aug. 15, 2028 (B1/B+), which priced at 101 in a Thursday drive-by.

The bookrunners were Morgan Stanley & Co. LLC, Barclays, BMO Capital Markets Corp., BofA Securities Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, HSBC Securities (USA) Inc., J.P. Morgan Securities LLC, Truist Securities Inc., UBS Securities LLC and Wells Fargo Securities LLC.

Univision is a New York City-based Spanish-language television network.

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