TelevisaUnivision Announces Pricing of $700 Million Notes Offering

NEW YORK--(BUSINESS WIRE)--TelevisaUnivision, Inc. today announced that its wholly-owned subsidiary, Univision Communications Inc. (the “Company”), has priced its offering of $700.0 million aggregate principal amount of 8.000% senior secured notes due 2028 (the “Notes”) at an issue price of 100.5%. The Notes are being offered as a further issuance of, and will be consolidated with and form a single series with, the $500.0 million aggregate principal amount of 8.000% senior secured notes due 2028 that were originally issued on August 7, 2023. The offering of the Notes is expected to close on or about December 18, 2023, subject to customary closing conditions.

The Company intends to use the net proceeds from the offering, together with cash on hand, to redeem approximately $700.0 million of the $1,040.7 million outstanding aggregate principal amount of its 5.125% senior secured notes due 2025, as well as to pay any costs, fees and expenses in connection therewith.

The redemption is expected to occur substantially concurrently with the closing of this offering. Nothing in this press release constitutes a notice of redemption to the holders of the Company’s 5.125% senior secured notes due 2025.

The Notes will be general senior secured obligations of the Company and will be guaranteed by the Company’s wholly-owned domestic subsidiaries that guarantee the obligations under the Company’s senior secured credit facilities and existing senior secured notes.

The Notes and the related subsidiary guarantees are being offered to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons outside the United States in compliance with Regulation S under the Securities Act. The Notes and the related subsidiary guarantees have not been registered under the Securities Act and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements of the Securities Act.

This release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of the Notes in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About TelevisaUnivision

TelevisaUnivision, Inc. 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.

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained within this press release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases you can identify forward-looking statements by terms such as “anticipate,” “plan,” “may,” “intend,” “will,” “expect,” “believe,” “optimistic” or the negative of these terms, and similar expressions intended to identify forward-looking statements. The forward-looking statements contained in this press release include, but are not limited to, statements related to the offering of the Notes and the use of proceeds therefrom. You are cautioned not to place undue reliance on our forward-looking statements. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, general market conditions.

These forward-looking statements reflect our current views with respect to future events and are based on assumptions and are subject to risks and uncertainties. Also, these forward-looking statements present our estimates and assumptions only as of the date of this press release. We undertake no obligation to modify or revise any forward-looking statements to reflect events or circumstances occurring after the date that the forward-looking statement was made. Actual results may differ materially due to these risks and uncertainties.