Simpson Thacher represented the initial purchasers, led by Goldman Sachs, in connection with a Rule 144A/Regulation S offering by Univision Communications Inc. (“UCI”), a wholly owned subsidiary of TelevisaUnivision, Inc., of $500.0 million aggregate principal amount of 8.500% Senior Secured Notes due 2031. The Firm also represented Goldman Sachs as lead arranger and administrative agent in connection with UCI’s refinancing of $500.0 million of its senior secured term “b” loans due in 2026 (the “2026 Term Loan B”).
UCI used the net proceeds from the offering, together with proceeds from the new senior secured term “b” loans and cash on hand, to prepay $1,000.0 million of the outstanding amount of its 2026 Tem Loan B, including costs, fees and expenses incurred in connection therewith.
TelevisaUnivision is a global media company that entertains, informs and empowers Hispanics with news, sports and entertainment content across broadcast and cable television, audio and digital platforms.
The Simpson Thacher team for the transaction included Todd Crider, Marisa Stavenas, John O’Connell, Kirsten Davis, Jessica Ryan and Zach Guttman (Capital Markets); Ismael Duran, Jomar Vargas, Larissa Gebrim and Angela Yu (Banking & Credit); Jonathan Pall (Collateral); Michael Mann (Tax); Jeanne Annarumma, Andrew Kofsky and Pasco Struhs (Executive Compensation and Employee Benefits); Courtney Welshimer and Paige Brinton (Intellectual Property); Toby Chun and Noreen Lavan (Environmental); Timothy Gallagher (Real Estate); and Jennie Getsin (Blue Sky). Ryan Brown provided valuable assistance.